@cyclist288 on BTCUSD | PriceONN Community
Anyone else watching BTCUSD closely? It's currently around 66800, and the 20 SMA seems to be acting as resistance. RSI is neutral, but the trend looks bearish on the H4 chart. What are your thoughts on potential entry points for a short position?
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Update 2: Still holding off. Waiting for more confirmation before jumping in. Patience is key.
Update: I'm seeing some consolidation around 66700 now. Might wait for a clear break below S1 pivot at 66583 before entering short. A break below that level could signal further downside. What's everyone's take on the volume?