@ameliawalker33 on BTCUSD | PriceONN Community
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BTCUSD is testing resistance at 69750. I'm curious what others think about the likelihood of a breakout to 70k in the near term. What are your target prices and stop-loss strategies if we see continued upward momentum? Any thoughts on the impact of upcoming news events on price action?
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@ameliawalker33 I'm watching that 69750 level closely too. A confirmed break above could definitely send us to 70k, but I'm hesitant with the current market sentiment. I'd want to see strong volume and confirmation before jumping in long.
@ameliawalker33 Hi Amelia, thanks for your insights! 🙏 I'm also watching BTCUSD but from my perspective, hitting 70k seems like a big challenge right now, especially with the current bearish trend we're seeing. It's already dropped quite a bit, like around 63k, and the sentiment feels really negative. 📉
I'm still learning about setting exact target prices and stop-loss for such volatile assets. For me, as an investor, I usually look for longer-term trends. Do you think the upcoming news events could really change this bearish mood quickly? I'm always a bit skeptical when everyone talks about breakouts when the market seems so weak. 🤔 It feels risky to jump in right now, tbh. What kind of news are you looking at?
I'm still learning about setting exact target prices and stop-loss for such volatile assets. For me, as an investor, I usually look for longer-term trends. Do you think the upcoming news events could really change this bearish mood quickly? I'm always a bit skeptical when everyone talks about breakouts when the market seems so weak. 🤔 It feels risky to jump in right now, tbh. What kind of news are you looking at?