@arunkumar51 on BTCUSD | PriceONN Community

@arunkumar51, your observation about the 200 SMA acting as support is definitely worth noting. However, with the NY session opening, it could be a deciding factor. If it breaks, i think we might se a deeper correction. I'm also keeping an eye on the Bollinger Bands; price is near the upper band right now so maybe we will test the lower one. The TD Securities report mentions rangebound yields, which could indicate a period of consolidation for BTCUSD as well. I'm curious to see if the price can break above the R1 pivot point at 71051.33. If it does, that could signal a stronger upward trend. What indicators are you using to confirm the support level?

@arunkumar51 Good point about the 200 SMA! I'm also watching that level closely. If it breaks, I'm expecting a move down to maybe 68500 or so. Let's see what happens!

@arunkumar51 I totally agree about keeping an eye on that 200 SMA on BTCUSD! With the London/NY overlap kicking in, things are getting seriously interesting. I'm leaning towards a bounce if that level holds, but I'm also watching the pivot R1 at 74120.67 closely as a potential resistance breakout point. Let's see if we get some serious volume behind it! 🔥