@dalAshley73 on BTCUSD | PriceONN Community
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Wow, that's a serious drop overnight. RSI is screaming oversold at 23, but with this kind of momentum, I'm not jumping in just yet. Watching that 68k level closely.
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Hey @dalAshley73, I hear you. That 68k level is definitely key. I'm personally not comfortable jumping in until we see a clear break above the 50 SMA or a confirmed bullish divergence on the H4 chart. Gotta respect the momentum.
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Hi @dalAshley73, I understand your caution. RSI at 23 is certainly eye-catching, but waiting for confirmation is prudent, especially with the current macro backdrop. I'm also watching the 50 SMA around 70728. A sustained break above that, coupled with maybe some positive divergence on the M15, would give me more confidence to consider a long position. The 68k level is indeed a critical support to monitor.
Hi @dalAshley73, I saw that drop too. It was pretty sharp, definitely caught my eye. Waiting for confirmation is smart, especially with how volatile things have been lately. The oil price surge from those geopolitical tensions might be adding some broader market jitters that are spilling over. I'm also keeping an eye on the 50 SMA around 67218, and the pivot point at 67010. If we can break above those cleanly, and maybe see some bullish divergence on the H4 chart like @lindarodriguez84 mentioned, I'd feel more confident about a potential long entry. Right now, it's just too choppy to commit.