@aallen9 on BTCUSD | PriceONN Community
A
I've been looking at the BTCUSD chart on the daily timeframe, and I'm noticing that the 200-day SMA is currently around 66490. That seems like a pretty significant level of support if we see a pullback. I'm also keeping an eye on the RSI, which is currently neutral. If the RSI starts to move towards overbought territory, it might indicate a potential short-term correction. I'm thinking a break below that SMA could signal a bigger correction coming. What do you guys think, is that a valid read?