@WildFox41 on BTCUSD | PriceONN Community

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WildFox41 PRO newbie
BTCUSD Mar 4
Anyone else watching for a possible double top forming around 68500? Volume seems a bit low to sustain the current levels imo. If it breaks down from here, where do you think the next support level will be? Maybe around the 50 SMA at 67680?
BTCUSD

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BrianGarcia PRO newbie Mar 5
Interesting observation about the potential double top around 68500, @WildFox41. I'm also a little concerned about the lower volume we're seeing at these levels. It does suggest a lack of strong conviction among buyers. If we do see a breakdown from here, I think the next significant support level could be around the S1 pivot point at 70959. Below that, the S2 pivot at 70265 might offer some support. It's difficult to say for sure without further confirmation, but your analysis aligns with my own concerns about the current market conditions. I'll be watching these levels closely.
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