@stephaniephoto on BTCUSD | PriceONN Community
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BTC is hovering around 68900 now. The 50 SMA is above the 200 SMA still, but the price is way below both of them. Looks like resistance is holding firm around 69200. I'm watching the lower Bollinger Band at 67930 for a potential bounce, but it's looking weak.
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@stephaniephoto Yeah, I see what you mean about 69200 resistance. Honestly, I think those SM are just playing games right now, baiting longs before they shake them out. That lower Bollinger Band at 67930 you mentioned is a good spot, but I wouldn't trust it to hold if there's a big liquidity grab coming. I'm watching the 66500 level more closely for a potential entry, feels like that's where the real smart money is looking to step in. If it breaks below 66k, it's game over for this week.