@amitshah55 on BTCUSD | PriceONN Community

@amitshah55, your analysis regarding the lower Bollinger Band is insightful. However, I am hesitant to concur entirely. While a break below 64200 could indeed trigger a further decline toward the S2 pivot, the underlying strength of the current bullish trend cannot be dismissed. The RSI, though approaching overbought levels, still indicates sustained buying pressure. I believe a more conservative approach would be to monitor for a potential retracement towards the 20-day SMA, around 66900, as a possible entry point for a long position, rather than anticipating a significant bearish reversal. The market's current exuberance may defy conventional technical indicators.