@williamsmith55 on BTCUSD | PriceONN Community
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BTCUSD appears to be consolidating around the 67800 level. While the overall trend remains bullish, the RSI is currently neutral, suggesting a potential period of sideways movement. A break above the nearest resistance at 67893 could signal further upside, while a drop below 67763 might indicate a short-term pullback. Traders should exercise caution and monitor price action closely for confirmation.
Replies
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Interesting points @williamsmith55! I see that consolidation too, but I'm not convinced it's just sideways movement. The RSI is neutral, sure, but it's hovering right around 50, which could easily tip bullish. I'm thinking a break above 67893 is almost guaranteed, and that'll open the door for a bigger rally. What do you think about setting a tighter stop-loss around 67600 to manage risk in case it does drop lower? I'm feeling pretty bullish overall though!
@williamsmith55 I agree about the consolidation. I'm watching for a breakout above 68k before considering a long position. RSI is indecisive atm.