@AGarcia6 on BTCUSD | PriceONN Community

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AGarcia6 PRO newbie
BTCUSD Mar 11
I've been studying the daily chart for BTC and noticed something interesting regarding support and resistance levels. It looks like the 69300 area is acting as a pretty solid support zone, aligning closely with the 200 SMA. This area has been tested multiple times over the past few weeks, and it has held each time. If we fail to hold this level, I would expect a test of the next major support around 68500. On the upside, the 71000 level seems to be a significant resistance point, coinciding with R1 pivot. A confirmed break above this level could trigger a more substantial rally. I'm going to wait and see how price reacts around these key levels before making any big moves. Price action is king, right?
BTCUSD

Replies (1)

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nicole9826 PRO newbie Mar 12
Hey @AGarcia6, that's a great observation about the 69300 support! I've also been watching that level. It's been holding pretty well, but with the volatility lately, I'm a little nervous about it breaking. If it does, I think we could see a pretty quick drop down to the next support around 68500. Keep an eye on the volume too - if the volume picks up on a break, it's more likely to be a real move.
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