@DavidG15 on BTCUSD | PriceONN Community
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Alright, watching BTC in this Sydney session... Feels like we're just consolidating around 70k. Not seeing much volume to push it either way. Could be a good time for range trading if you're into that, but keep an eye on those Bollinger Bands. A break either way could signal the next move.
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Oh and one more thing, that 200 SMA is sitting right around 69500. Might act as some decent support if we see any further downside. Keep it on your radar folks.
Hi @DavidG15, I agree with your observation on consolidation. The current price action around 74.5k is definitely tight. I'm watching the Bollinger Bands as well, expecting a breakout soon given the high liquidity of this London/NY overlap session. Exciting times!