@adekunle92 - BTCUSD | PriceONN Topluluk
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Observing a potential double bottom forming on the BTCUSD hourly chart near the 67400 level, coinciding with S2. A break above the neckline around 68300 (SMA 20) could signal a bullish reversal. However, volume confirmation is crucial. The RSI is currently neutral, suggesting room for upward movement. A cautious approach is advised, waiting for a confirmed breakout and increased volume before entering a long position. Alternatively, a break below 67300 would invalidate the pattern and suggest further downside towards 66000. Always manage risk effectively!