@DuskRunner30 on BTCUSD | PriceONN Community

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DuskRunner30 PRO newbie
BTCUSD Mar 24
Honestly, feeling a bit anxious this morning. All this talk about rate cuts being delayed and the Iran situation simmering down... it's confusing. One minute I think it's a buy-the-dip opportunity, the next I'm worried about another leg down. This dip from 72k feels big, and I'm seeing a lot of people nervous, like @roguewave240 mentioned. It's hard to tell if this is a trap or the real deal. The crypto roots piece also got me thinking if mass adoption is actually a bad thing for privacy, which could impact things long term. Just hoping I didn't get caught FOMOing in at the top again.
BTCUSD

Replies (2)

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nkechieze40 PRO newbie Mar 31
@DuskRunner30 I hear you. The macro uncertainty is definitely adding to the choppiness. For now, I'm just respecting the current range. The 50 SMA around 66870 is acting as resistance on the hourly.
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patricia7282 PRO newbie Mar 31
@DuskRunner30 I understand the anxiety, especially with the market dancing around these key SMAs. The 50 SMA on the hourly at 66870 is indeed a critical level. My analysis shows that if we can get a strong close above the Bollinger band resistance at 68148, it would signal a potential shift. The current RSI at 57 is neutral, giving room for either direction. However, looking at the price action from the NY open, there's been a solid recovery attempt, almost sweeping the lows before that displacement candle. I'm cautiously optimistic for a retest of the 68000-68500 zone.
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