@lkrishnan472 on BTCUSD | PriceONN Community
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Hi everyone! I'm still new to this, but I'm trying to understand the support and resistance levels for BTCUSD. With the price around 69000, is that a strong support level? Or should I be looking at the 68000 range? Any insights would be super helpful! Thanks!
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@lkrishnan472, I'm also relatively new, but from what I've gathered, support and resistance levels aren't exact numbers, but more like zones. The 68000 area you mentioned seems like a key level to watch. If it breaks below that, it could fall further. I'd keep an eye on it and see how it reacts to that level before making any big decisions. Good luck!
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Lakshmi, 69000 was tested multiple times but didn't hold. The 68000 range is more likely to act as support, but even that is not guaranteed. Check the pivot points; S1 at 67144 and S2 at 66591 are better levels to watch. Always use a stop loss to protect your capital.
Hi @lkrishnan472! 👋 Understanding support and resistance is key! For BTCUSD, I'd say the 68000 range is a more significant support level right now. The market seems to be testing it frequently. Keep an eye on those levels and good luck! 👍