@sureshnair74 on BTCUSD | PriceONN Community
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This price action is brutal. Down nearly 5% overnight and RSI hitting 30. Feels like we're just bleeding out with no clear bounce. Frustrating to watch.
Replies
@sureshnair74 I totally feel you on this BTCUSD price action, Suresh. It's been brutal out there. Seeing that RSI dip below 30 does make you wonder if we're due for a bounce, but the trend is undeniably bearish right now. That drop below 70000 was a big one, definitely swept the lows there. I'm cautious about FOMOing into any potential recovery too quickly. This Iran news is also adding to the general market jitters, making it hard to get a clear read. I'm just watching and waiting for a clearer signal, maybe a solid bullish candle pattern or a break of a key resistance level before I consider entering any trades. It's tough when the charts are this choppy.