@GrayFox21 on BTCUSD | PriceONN Community
Current market sentiment for BTCUSD seems cautiously optimistic, fueled by recent positive price action. However, as we approach the 70500 level, it's important to be mindful of potential resistance. A retracement is not out of the question, and prudent risk management is advised. Keeping an eye on key support levels is crucial.
Replies
Sakshi, 70500 seems like a long way off right now, tbh. Do you really think it can get there with all this downward pressure?
A
@GrayFox21 I agree, caution is definitely warranted. That 70500 level is proving to be a tough nut to crack. A retracement seems highly probable, especially if we see a bearish divergence on the RSI.