@tidepool651 on BTCUSD | PriceONN Community
BTCUSD is currently testing the 68000 level. The 50-day SMA is acting as resistance. A break above could lead to a test of the 200-day SMA around 68300. However, the neutral RSI suggests caution. I'm waiting for a clearer signal before making any moves.
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Update: BTC failed to break above the 50 SMA. Seeing some selling pressure now. A drop below 67500 could trigger further losses. I'm considering a small short position if it breaks that level, but with a very tight SL. Still cautious given the overall uptrend. Keeping an eye on the S1 pivot.
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@tidepool651 Agree, that 50 SMA is key. A solid break above it and we might see a good run. RSI is something to watch for sure.