Is anyone else concerned about the RSI being neutral at 54.1? While the price is trending upward, the RSI not confirming this might indicate a potential pullback. The price is above the 20 and 50 SMAs, but the 200 SMA at 68069.11 is close. Could this level act as resistance?
Update: I've been looking at the Bollinger Bands, and the price is currently near the upper band (68339.22). This might suggest that BTCUSD is overbought in the short term. However, the bands are relatively wide, indicating high volatility. I'm also noticing that the pivot points R1 and R2 are at 67910.67 and 68001.33 respectively, adding confluence to the 68000 level as a potential resistance zone. A break above this could signal a continuation of the bullish trend, but I'm hesitant to enter a long position without further confirmation. Does anyone have any thoughts on potential entry points or stop-loss levels?
