@deepDune9 on BTCUSD | PriceONN Community
Hey everyone, what are your thoughts on BTC's next move? It's been kinda choppy lately. I'm seeing mixed signals from the indicators... RSI is neutral, but the price is still hanging around the SMAs. Wondering if we'll see a breakout soon or a deeper correction. Any opinions?
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Update: Okay, so I've been doing some more digging and I'm leaning a bit more bearish, tbh. While the SMAs are still supportive, the Bollinger Bands are starting to tighten, which could signal a volatility squeeze. If we break below that lower band around 65000, things could get ugly pretty fast. I'm thinking of setting a tight SL just in case. What do you guys think about using the pivot points as potential TP levels? R1 is around 65940, which seems like a realistic target if we see a bounce. Just my 2 cents, still learning though!