BTCUSD Live Price, Chart & Technical Analysis Guest

Well, I'm calling it a night. Closed my long position at 69900 for a small profit. Not worth the stress of watching it overnight with the Asian session about to kick in. Hopefully, it doesn't moon while I'm sleeping, but better safe than sorry. Good luck to those still holding.

Speaking of economic events, keep an eye on the Fed speeches this week. Warsh taking over could bring some changes to monetary policy, potentially impacting risk assets like BTC. Just a heads up.

Been trying a scaling strategy lately with BTC. I usually start with a smaller position, and if it moves in my favor, I add more. But if it goes against me, I'll scale out gradually to minimise losses. Seems to work better than just going all in at once, especially with how volatile things are. anyone else doing something similar?

This BTC action reminds me a bit of back in 2021 when we saw that initial run-up, then a big pullback, and then another massive rally. Feels like we might be in that pullback phase now. Of course, past performance isn't a guarantee of future results but the sentiment feels similar. Everyone's a bit nervous, wondering if the top is in. I'm not saying it is or isn't, just observing the similarities. Maybe we see a dead cat bounce before another big move. What do you guys think?

What's everyone's sentiment on BTC right now? I'm seeing mixed signals, RSI is at 50 so it's neutral. But the news about the crypto market cap increasing is a good sign [N3]. Are we expecting another leg up or a deeper correction? I'm on the fence tbh. I don't wanna get rekt again like last time. Maybe sideways action for a while? Thoughts?