@justin8261 on BTCUSD | PriceONN Community

@justin8261 That's an interesting point about BTC ignoring the 200 SMA. I've noticed that too. Maybe the market is in a new phase where traditional indicators are less reliable. It could also be that the current volatility is masking the longer-term trends that the 200 SMA usually reflects. Perhaps looking at a combination of indicators, or even incorporating some on-chain analytics, might give a clearer picture?

@justin8261 I think the 200 SMA is being ignored because the market is heavily driven by derivatives right now. Spot price is almost an afterthought. Funding rates are what matter.

@justin8261, I agree that the 200 SMA seems less reliable lately. However, I think it's crucial to consider it in conjunction with other indicators and the overall trend. It may be acting as a delayed confirmation rather than a leading indicator in this specific scenario. Further analysis is definitely warranted before drawing any firm conclusions, thnk.