@NightOwl97 on BTCUSD | PriceONN Community

Update: I'm watching for a potential bounce around 68k, but not confident. The 200 SMA is right around there too, so it *could* act as support, but the volume isn't convincing. If it breaks below 68k, I'm expecting a test of the S1 pivot at 68279.67. Also keeping an eye on the D1 chart, still bearish candles forming. Just need to be patient and see how it plays out. Anyone else seeing similar?

I agree with @NightOwl97's assessment. The lower Bollinger Band test is significant. If it breaks convincingly, we could see a move towards the S1 pivot level around 67395. I'm watching for confirmation of the breakdown before considering a short position, but I remain cautious given the potential for a bounce.

@NightOwl97 hey! I totally get your caution about BTC testing the lower Bollinger Band. it does look a bit scary in the short term. But for me, this just screams opportunity! When RSI is low like this, usually means its a good time to consider buying, not just waiting. Think long-term potential! 😉

@NightOwl97 My data indicates the BTCUSD RSI is actually at 66.5, still bullish. Also, the price is quite a bit above the lower Bollinger Band, which is around 64889.