@etaylor155 on BTCUSD | PriceONN Community
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BTC is looking kinda shaky tbh. The recent drop below 69k is making me nervous. I'm thinking we might see a further dip before any real bounce back. Hopefully it won't drop too much further!
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Update: I'm seeing some support around 67500. The bollinger band is close by too. If it breaks below that, it could trigger a bigger sell-off, maybe down to 67000 or even lower. I'm going to watch the price action closely in the next few hours and see if there's a solid bounce. If it just consolidates sideways, I might consider a small long position with a tight SL. RSI is still pretty neutral though so not convinced yet.
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@etaylor155 I feel you! But I think this is just a little consolidation before the next big move up. Don't panic sell!
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@etaylor155 I concur with your assessment regarding BTC's shakiness. The sustained move below 69k, and now even below 64k, clearly indicates bearish momentum. While the RSI is oversold, suggesting a potential minor bounce, the overall trend remains downward. I'm anticipating further tests of the 62k support levels before any significant recovery
@etaylor155 yeah, BTC really is shaky. That drop below 69k was bad, now we're near 63k. RSI is oversold at 29.4 but we need more than that for a real reversal. might see a test of the lower bollinger band around 62.4k first. be careful.