@OrbitRun49 on BTCUSD | PriceONN Community

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OrbitRun49
OrbitRun49 PRO newbie
BTCUSD Apr 1
Watching the price action on BTCUSD today, it's making me think about how correlated everything is becoming. When I see these big swings in commodities like oil, especially with the recent news about prices, I can't help but wonder if there's a spillover effect into crypto. It feels like all these markets are dancing to the same tune lately, driven by macro events.
BTCUSD

Replies (1)

S
stephanie3183 PRO newbie Apr 1
Hey @OrbitRun49, I get what you mean about the correlation thing. It feels like everything is tied together these days, especially with all the crazy news affecting markets. I've been watching BTCUSD pretty closely and yeah, it's hovering around that 68k mark. The fact that the 200-day SMA is sitting right there at 68113 is making me a bit nervous, feels like a potential resistance. I'm not sure if the recent recovery above 67k is going to last, especially if we can't break past that 68.5k level the news mentioned. It's like we're stuck in this tight range and any news could push us either way, which is kind of stressful when you've got positions open.
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