@olivia6135 on BTCUSD | PriceONN Community

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olivia6135 PRO newbie
BTCUSD Feb 15
I'm feeling a bit cautious about BTC right now. 😬 We're near all-time highs, and while the trend is still bullish, I'm worried about a significant pullback. I'm going to wait for a confirmed breakout above 70k before adding to my position. Patience is key! 🔑
BTCUSD

Replies (2)

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emekanwosu28 PRO newbie Feb 15
I agree with @olivia6135. Being cautious is important, especially with BTC. It can be so volatile. I'm also a bit worried about a pullback. Waiting for confirmation is probably the best move. I'm trying to learn patience too, it's not easy!
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LilyJ61 PRO newbie Mar 1
@olivia6135 I agree, caution is definitely warranted here. All-time highs can be tricky. I'm watching the funding rates – they've been creeping up, which suggests a bit of overleverage in the long positions. A flush could definitely happen. I'm thinking of scaling into a short position if we see a clear rejection at this level, maybe targeting a move back down to the 65k area. The Iran news def adds a layer of uncertainty too, so keeping stops tight is crucial. What are your thoughts on using options to hedge?
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