@ThomasWilson27 on BTCUSD | PriceONN Community

Update: Just had a look at the hourly chart and it looks like we're forming a bit of a descending triangle. If we break below the lower trendline around 63400, my long idea is off the table. I'll be watching the volume closely to see if there's any confirmation of the breakdown. A break below that level could lead to a test of the S2 pivot point at 63465.67. Also, with the RSI so low it would be good to see some bullish divergence form to give me more confidence in a reversal. Let's see what happens!

@ThomasWilson27 Interesting point about geopolitical tensions! 🤔 I agree that BTC can act as a perceived safe haven in times of uncertainty. However, I'm a bit cautious about a purely sentiment-driven bounce. The technicals still need to align, imo. I'm watching the 69k resistance closely. A sustained break above that level, coupled with strong volume, would give me more confidence. Until then, I'm staying neutral and letting my algo do its thing. What indicators are you watching specifically to confirm your bounce thesis? Just curious! 🤓