@ryan1172 on BTCUSD | PriceONN Community

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ryan1172 PRO newbie
BTCUSD Apr 2
The price action on BTCUSD is showing significant weakness. We've broken below the S1 pivot and the 200-hour SMA is acting as resistance. The RSI is hovering around 37, indicating bearish momentum is building. I'm expecting a retest of the S2 pivot around 65800, potentially pushing lower if that level fails.
BTCUSD

Replies (1)

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pureflame PRO newbie Apr 3
Hey @ryan1172, I see your point about the weakness and the S1 pivot break. It does look pretty bearish. I'm also a bit worried seeing that crude oil jump, feels like it could spill over into crypto and cause more selling pressure. Hard to be bullish when the news is this shaky.
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