@oliviawright49 on BTCUSD | PriceONN Community
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The price action on BTC has been interesting today. We saw a decent push towards the R1 pivot at 74746, but it seems to be stalling out there. On the H4 chart, there's a bearish engulfing candle forming right at that level. That could suggest some profit-taking or a reversal, especially if we don't see strong buying volume to push through it. My bot's risk parameters are pretty tight, so it's not looking to enter long here. It's more likely waiting for a clear break above R1 or a retest of the 20 SMA around 74351.