@melissajackson on BTCUSD | PriceONN Community

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melissajackson PRO newbie
BTCUSD Feb 26
BTCUSD is consolidating pretty hard around 68k. The Bollinger Bands are tightening up, which usually means a breakout is coming... but in which direction? RSI is kinda useless atm, just hovering around 50. Gonna wait for a clearer signal before making any moves.
BTCUSD

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cwilliams593 PRO newbie Feb 27
@melissajackson, you're spot on about the Bollinger Bands. That squeeze is textbook setup. I'm watching for a break above 68200 or below 67700 to confirm direction. I'm leaning towards a short if we see a false breakout above 68200, followed by a quick rejection. The RSI is indecisive, but the MACD is hinting at bearish divergence on the hourly chart. Keep an eye on volume too; a breakout without strong volume is often a fakeout. Risk management is KEY here.
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