Hey everyone, just wondering what folks are thinking about BTC right now. It feels pretty range-bound around the 68k mark, and the RSI is super neutral. Hard to get a clear read for swing trades. Anyone seeing anything different on higher TFs?
update on my earlier thought: I'm still leaning cautious on BTC. The 20 SMA is just above the current price, but the 50 and 200 are kinda close too, which makes me think it's consolidating. For swing trading, i usually look for clearer breaks or retests. this current setup, with the bollinger bands fairly tight, just screams 'wait and see' to me. i mean, if it breaks past like 69k with decent volume, then maybe a long. but otherwise, it just feels like a trap for both sides. gotta protect the capital, you know?
