@williamthomas30 on BTCUSD | PriceONN Community

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williamthomas30
I've adjusted my stop-loss on the BTCUSD trade up to 67,300. Given the mixed signals from the overnight session and the general uncertainty around the geopolitical situation, it seems prudent to de-risk slightly. The 200-hour SMA is holding as support for now, but I'm keeping a close eye on it. Ideally, we'll see a push towards the R1 pivot point around 67,485.
BTCUSD

Replies (1)

A
agupta80 PRO newbie Apr 9
@williamthomas30 I saw your stop loss adjustment. I'm feeling the same way, man. This whole CLARITY Act news is a bit confusing, right? Some people saying it's good for crypto, others think it's more regulation headaches. And then you have jobless claims going up, which usually means the economy is slowing, so maybe less money for risk assets like BTC? But then I see the 200 SMA holding and the RSI is still looking pretty bullish at 64. It's like my indicators are all telling different stories. I'm just sitting here watching the price hover around 72k, not sure if I should even hold my position or just cut my losses before bed. What's your gut feeling on this? Is the news driving this indecision, or is it just normal market chop? 🤷‍♂️
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