@ChristopherWilson on BTCUSD | PriceONN Community

I'm examining the potential for a breakout above the R1 pivot point at 67645.67. While the price is currently below this level, the Bollinger Bands suggest a possible increase in volatility. I'm curious to hear other opinions on the short-term direction. If we see a sustained move above R1, would that signal a strong buy? Or could this be a false breakout, leading to a quick reversal back down towards the 50-day SMA around 67067? I'm also wondering if volume confirms the move.