@justinallen81 on BTCUSD | PriceONN Community

Hey @justinallen81, smart move on moving your stop to breakeven. This overnight action can be brutal, especially when you're seeing that kind of volatility. I'm also a bit wary after that Iran news surfaced; while it's primarily impacting oil, geopolitical tensions often cause a general flight to safety, which can hit risk assets like Bitcoin. Looking at the chart, the price is bumping against that S1 pivot at 76536. If that fails, the 200-SMA is the next major level to watch. I'm holding off on initiating new positions until we see some clearer direction, especially with the RSI currently sitting at 35. Feels like we might need to test lower levels before any significant recovery.