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The current bearish trend in BTCUSD is concerning. The price is below the 20 and 50 SMAs, and the RSI is hovering around neutral, indicating a lack of strong momentum in either direction. I believe we need to see a clear break above the 67000 level to confirm a potential bullish reversal.
@DRao33 I agree that the 67000 level is key. I'm watching it too, and tbh I think if it breaks below that, we could see a pretty significant dip. The RSI being neutral is definitely not helping things either, showing no real conviction. The political situation is so volatile, it's hard to say for sure, but I'm leaning towards a bearish short term outlook unless we see some serious positive news. I'm thinking of setting a tight stop loss around 67200 just in case.
