@vijay6243 on BTCUSD | PriceONN Community
V
This news about Iran and the oil spike is really impacting the markets, not just traditional assets but crypto too. Bitcoin whales shifting $100M+ on top of this risk-off sentiment is concerning. Seeing BTC already down almost 2.5% today, RSI is looking pretty bearish at 32. I'm watching the 69300 support level closely, might be a good spot for a short if it breaks.
Replies
R
Hey @vijay6243, yeah I saw the news too, it's kinda scary. That Iran stuff is making me nervous about everything. I don't really get all the whale movements, but when you say RSI is bearish, that sounds bad. I just hope my small investment doesn't disappear. Is 69300 really the big support everyone is watching?
Hey @vijay6243, yeah that Iran news is wild. I'm not sure if it's directly affecting BTC but this whole risk-off mood is making me super nervous. Every time I see red like this, I just want to close my trade, but I'm scared I'll sell at the bottom. Is this 69300 level you mentioned a big support?