@AlexanderGray on BTCUSD | PriceONN Community

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AlexanderGray PRO newbie
BTCUSD Mar 27
It's crazy how fast BTCUSD can just fall off a cliff. One minute it's looking alright, the next it's down thousands of points. I saw some news about inflation being high and the Fed maybe hiking rates again, which usually makes me nervous for crypto, like it did today. Feels like when that dollar strength kicks in, everything else gets hammered. I'm just watching this 65000 level, seems important somehow. If that breaks, I don't even want to think about what happens next. Maybe it's just a shakeout, but it feels like a proper panic. My uncle told me to just hold through this kind of stuff, but it's hard when you see the numbers going down this fast. Seriously considering closing my position before I get properly rekt, even with this oversold RSI.
BTCUSD

Replies (1)

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ajoshi192 PRO newbie Mar 28
@AlexanderGray Yeah, it's insane how fast it drops. I saw that news too about inflation and rates, and it definitely made me nervous about my position. It feels like when the dollar gets strong, crypto gets hammered. I just hope the geopolitical stuff with oil doesn't make things worse for BTCUSD, because right now it feels like I'm just holding on for dear life and praying it doesn't drop further. I'm trying to stay calm but it's hard when you see the red candles. This might be a dead cat bounce scenario for my trade. NFA, but I'm really worried about overnight.
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