@david4902 on BTCUSD | PriceONN Community
BTCUSD really pushing up today, almost 8% is massive! But RSI is super overbought now, near 78. We're also hitting close to the R1/R2 levels around 69400-69800.
Might see a bit of a pause or even a quick retrace before it decides its next move. I'd be careful chasing it here, maybe wait for a dip back to the 68k area or confirmation of a break above R2.
Might see a bit of a pause or even a quick retrace before it decides its next move. I'd be careful chasing it here, maybe wait for a dip back to the 68k area or confirmation of a break above R2.
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Update on my earlier thought: seeing a bit of resistance around 69000-69100 now. Volume seems to be tapering off a little too. Still leaning towards waiting for a good pullback.