@thomas645 on BTCUSD | PriceONN Community

Hi @thomas645, thanks for sharing your observation. I've been looking at the charts too, and I do see that falling wedge you mentioned. It's quite interesting how it's interacting with the 200 SMA. From my perspective, the RSI is currently around 36, which definitely leans bearish and makes me a bit skeptical about a strong breakout upwards just yet. I'm also worried about the overnight moves, especially with the recent news about interest rates not being cut this year, which seems to be weighing on crypto. I'm still learning how to interpret these patterns with the current market conditions, so I'm not sure if it's a convincing buy signal. I might wait to see if it can break above the 70500 level convincingly before considering any positions.