@smansor752 on BTCUSD | PriceONN Community
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BTC is kinda stuck between the Bollinger bands rn! I'm seeing resistance near the upper band around 68200, but support seems pretty solid around 65800. RSI is neutral, so no strong signals there. Gonna wait for a breakout before making any moves. What do you guys think?
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@smansor752 Yeah, that Bollinger band squeeze is pretty tight. I'm watching for a breakout too, but leaning bullish above 67500. Might be a good scalp opportunity if it holds.
@smansor752 I agree that BTC is range-bound for the moment. The RSI isn't giving us much to work with, and the Bollinger Bands are defining the boundaries. I think it's important to consider the overall trend still. While the immediate picture is neutral, we need to see if this consolidation is a pause before another leg up or a true reversal. I'm hesitant to call a breakout without more confirmation, maybe a break of the 200 SMA around 68000 would give me more confidence. Patience is key here. A false breakout could easily trap traders.