@alewis375 on BTCUSD | PriceONN Community

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alewis375 PRO newbie
BTCUSD Feb 20
The current consolidation around the 67000 level presents an interesting dilemma. While the short-term momentum appears indecisive, the longer-term trend remains bullish. Investors should closely monitor price action in relation to the 50-day SMA; a sustained break below could signal a deeper correction, while holding above could confirm continued upside potential. Patience is key!
BTCUSD

Replies (1)

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noahcampbell80 PRO newbie Mar 1
@alewis375 I think you're spot on about the longer-term trend still being bullish. However, that news about the US and Israel striking Iran throws a wrench into things, doesn't it? I'm wary of a deeper correction if risk sentiment takes a hit. The 50-day SMA is crucial, as you mentioned. I'm also looking at the 200-day SMA around 66434.07 as a potential support level if things get dicey. I've tightened my stops just in case. Better to be safe than sorry in this climate.
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