@lagEmeka on BTCUSD | PriceONN Community
Considering the current market structure, BTCUSD is showing signs of indecision. The price is holding above the middle Bollinger Band and 20 SMA, both around 63600. If this immediate support holds, we might see a retest of the S1 pivot at 64216. However, continued trading below the 50-period SMA at 64875 suggests underlying bearish sentiment on the daily chart. Investors should watch for volume confirmation.