@ClearSkies71 on BTCUSD | PriceONN Community
omg this headline about BTC hitting 87k sounds fake. i just bought some and now it's dropping like crazy. i'm already down like 1000 bucks in like an hour. this is so stressful.
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Hey @ClearSkies71, I feel you! It's tough when you buy and it immediately goes the wrong way. Don't stress too much yet, BTC can be super volatile. Maybe give it a little more time to see if it recovers?
Regarding that headline about BTC hitting 87k, @ClearSkies71, sounds like pure speculation or maybe a rumour designed to shake out weak hands. I'm watching the price action on the 4-hour chart right now. We're seeing a strong bullish trend with the price consistently above the 50 and 200 SMA, and the RSI is holding above 60 which is generally a good sign. However, this sideways chop is concerning. If we get a bearish engulfing candle pattern on the 4H, especially after that initial drop you saw, it could indicate smart money is taking profits or initiating shorts. I'd be very cautious about FOMOing in here right now. The Fed's emergency rate decision is also a huge wildcard, nobody really knows how that's going to play out for risk assets like crypto yet. My advice? Stick to your plan and don't let headlines dictate your trades. Wait for clear technical signals.