Alright, I'm going long on BTCUSD here around 69550. The price is holding above the 20-day SMA and that RSI is still climbing, looking bullish to me. I'm setting my take profit at 70500 and a stop loss just below the pivot point at 69400. Let's see if we can catch this upward move.
Actually, thinking more about that hammer pattern I mentioned earlier. If it doesn't lead to follow-through buying and we instead break below that 69416 S2 pivot, then that hammer could just be a temporary pause before a deeper drop. Gotta watch that level closely, especially with the nonfarm payrolls data still in the back of everyone's minds.
