BTCUSD Live Price, Chart & Technical Analysis Guest

I'm just not sure what to make of this. I thought with all the positive news lately, BTC would be pushing higher. This drop is unnerving, to say the least. Is this just whale manipulation or is there something more fundamental going on here?

Just got stopped out on my BTCUSD short from earlier this week. Was targeting 66500, but the bounce came sooner than expected. Small loss, but gotta respect the market. On to the next setup!

Anyone else watching for a potential head and shoulders forming on BTCUSD on the hourly chart? Neckline around 66800-67000?

This BTCUSD action reminds me a bit of the Q4 2021 consolidation before the drop. We saw a similar period of sideways movement near the highs, followed by a sharp rejection. I'm not saying it's a guaranteed repeat, but the pattern is definitely worth considering. Could be a good time to reduce exposure if you're heavily invested.

Well, I just got stopped out on my short position. Entered at 68500, targeting 67000, but the bounce off that RSI oversold level was stronger than I anticipated. SL was set at 68750, so a loss of 250 points. Frustrating, but that's trading. Should have waited for more confirmation before entering. I'm re-evaluating my strategy and will look for another entry point if the bearish trend resumes. Need to adjust my risk parameters tbh.