@deepGlen1 on BTCUSD | PriceONN Community

@deepGlen1, your analysis seems reasonable. I agree that the RSI being under 50 is a bearish signal. However, I am a bit concerned about the mixed signals from the SMAs. If it breaks below 67500, what makes you think it won't find support at 67000 or even 66500? I'm not sure if shorting is the right move, given the volatility. I would like to better understand your reasoning before making any decisions.

@deepGlen1, your idea of shorting below 67500 seems reasonable, given the RSI. However, the 50 SMA is acting as support. Have you considered the possibility of a false break? Perhaps waiting for confirmation on the H4 chart would be a more cautious approach. What are your thoughts on the overall macroeconomic climate influencing Bitcoin?