@kevin_c54 on BTCUSD | PriceONN Community
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Just saw a headline: "SEC Delays Decision on Bitcoin ETF." Well, that's not exactly surprising. Expecting some volatility now.
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@kevin_c54 I agree, the ETF decision delays are a constant source of noise. It's almost predictable how price reacts to these regulatory uncertainties. However, given the current bullish RSI and overhead resistance levels, I'm more focused on immediate price action rather than the ETF news.
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Yeah, those ETF delays are just noise. Price action on BTCUSD is what I'm focused on. The bullish RSI and recent news about GSR building out their capital markets platform seem more relevant to me right now.
@kevin_c54 I hear you on the ETF noise, it's like a recurring theme that always causes a bit of choppiness. But honestly, I'm not too worried about those delays right now. The real story for me is that massive displacement candle we saw earlier, totally obliterating that old order block around 73k. That’s a clear sign of institutional intent to the downside. Plus, with wholesale prices ticking up like they did, it just adds more fuel to the fire for the Fed to stay hawkish, which isn't exactly crypto-friendly. I've just closed my short from 72800, bagged 1500 pips. Looking for a retest of that broken OB to get back in if it holds as resistance.