@sarahlee59 on BTCUSD | PriceONN Community

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sarahlee59
sarahlee59 PRO newbie
BTCUSD Feb 19
BTC is dancing around that 67k level, and it's making me a little nervous. The RSI is still pretty neutral, so we could go either way, tbh. I'm seeing a lot of conflicting signals. On one hand, the 20 SMA is below the 50 SMA, suggesting a potential downtrend. But on the other hand, we're still above the 200 SMA, which is generally considered a bullish sign. I think it's crucial to watch the price action closely over the next few days and see if we get a clear break in either direction. I'm leaning towards a short position if we break below 66500. What about you guys?
BTCUSD

Replies (1)

I
ibello206 PRO newbie Feb 25
@sarahlee59 I feel you on the nerves. That 67k area is definitely a wall. RSI at 70 is also screaming 'overbought' to me, so I'm not entirely convinced we just blast through
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