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Watching BTCUSD rn during this NY session. Saw that big drop earlier, RSI is oversold near 26.7. Still holding my long from around 71k, but moved my SL to break even. Hoping this 200 SMA support around 71.8k holds or we get a bounce soon. This volatility is crazy!
Hmm, actually reconsidering my entry. The wholesale price data came in hotter than expected and DXY is pushing up a bit. Might be more selling pressure coming for BTCUSD. If my SL at break even gets hit, I might look to short if it breaks that 70300 S2 pivot. Need to be careful with this inflation news.
