@QuantumLeap12 on BTCUSD | PriceONN Community

I'm anticipating a potential pullback in BTCUSD over the next week. While the short-term trend appears neutral, the 200-day SMA at 66492.29 is acting as a significant resistance level. If it fails to break decisively above this, we could see a retracement towards the 65000 level. The RSI, while bullish now, could easily turn downwards. My strategy is to wait for confirmation of this resistance before considering a short position. I will monitor the price action around the 66500 area to see if bears can take control. I am willing to re-evaluate if it breaks above and holds for a day or two.