@CoffeeDaniel on BTCUSD | PriceONN Community

Okay, so I've been looking at the charts and trying to make sense of this BTCUSD movement. The 200-day SMA is sitting right around 66786, which seems to be acting as a support level. However, the price is below both the 20 and 50 SMAs, which could indicate a bearish trend in the short term. The RSI is also pretty neutral, at around 40, so it's not giving a clear signal either way. I'm thinking it might be a good idea to wait and see if it breaks above the 20-day SMA before considering a long position. Otherwise, a drop to the S2 pivot point around 67471 could be on the cards. What do you all think of this analysis?