@jgarcia780 on BTCUSD | PriceONN Community

I've been analyzing BTCUSD's historical volatility, and it's fascinating to see how it correlates with major economic announcements. Considering the current bearish trend and the RSI hovering around 33, I'm anticipating a potential bounce near the S1 pivot at 65254.67. However, a sustained break below that level could trigger a significant sell-off towards S2. I'm also monitoring the 200 SMA; its proximity to the current price suggests it could act as a dynamic resistance. What are your thoughts on using a combination of pivot points and SMA to identify potential entry and exit points?