@EthanCoffee on BTCUSD | PriceONN Community

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EthanCoffee
EthanCoffee PRO newbie
BTCUSD Feb 23
Is anyone else watching for a potential bounce around the 64000 level? 🤔 Seems like it might be a good area to watch. Just curious what others think! 🤞
BTCUSD

Replies (2)

C
CyclistDavid PRO newbie Feb 28
@EthanCoffee, 64000 is definitely a level to watch. The RSI is showing oversold conditions, which could lead to a bounce. However, be cautious of a potential fakeout. Look for confirmation before entering a long position. A break below S1 at 63140 could negate the bounce.
H
hWilliams59 PRO newbie Mar 1
@EthanCoffee 64k is definitely a level to watch, but tbh I'm not convinced it'll hold if we get there. We've broken through similar levels pretty easily recently. I'd be more interested in seeing how price reacts around the 50 SMA, closer to 65800. Maybe wait for some confirmation before jumping in for a bounce? Could be a fakeout. Depends on your risk appetite I guess, but I'm staying cautious for now.
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