@vijay6243 on BTCUSD | PriceONN Community

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vijay6243 PRO newbie
BTCUSD Feb 24
BTC definitely feels heavy right now. The drop below the 20 SMA is concerning, and the 50 SMA is not looking great either. I'm a bit cautious about dip buying just yet. We need to see some strong bullish candles on the daily chart to confirm a reversal. The overall sentiment seems to be shifting more towards risk-off. Plus, the news cycle isn't helping either. I'm waiting for some positive catalysts before adding to my long-term holdings. Patience is key in these volatile times, I guess. I'll keep monitoring the price action and volume.
BTCUSD

Replies (1)

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sureshmenon26 PRO newbie Mar 3
@vijay6243 I agree, that drop below the SMA was a little scary. I'm also being cautious, waiting to see what happens next. Hopefully, it bounces back up soon!
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