@daniel5928 on BTCUSD | PriceONN Community
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The current BTCUSD price action is testing the 50-day SMA around 71150. A decisive break below this level could trigger further downside towards the S1 pivot at 70379.67. Conversely, holding above the 50-day SMA might signal a potential retest of the 20-day SMA around 72342. Monitoring volume on any breakout attempts will be crucial for confirmation.
Replies
That's helpful, @daniel5928. I'm trying to understand the SMAs better. If it breaks below the 50-day SMA, where do you think the next support level will be? Also, what volume levels would you consider significant?