@kumarraj54 on BTCUSD | PriceONN Community
BTC is playing games rn, ngl. Seems like it wants to break down but the bulls are still putting up a fight. Watching that 68.5k support... if it breaks, we're going lower. otherwise, maybe a bounce back to 70k? 🤔
Replies
update: RSI looking weak on the H4 chart... bears might have the upper hand for now. i'm thinking of shorting if it breaks below 68.5k with a tight SL around 69k. could be a quick scalp. anyone else seeing this?
I
@kumarraj54, your observation regarding the 68.5k support level is quite pertinent. A decisive break below this level could indeed trigger a more substantial downward move. I am curious, what timeframe are you primarily analyzing to identify this support? I am trying to learn more about support and resistance levels.
B
@kumarraj54, thanks for sharing your perspective. That 68.5k level is definitely something to watch. I'm also seeing some bearish signals, but it's hard to be certain with the current volatility.
Indeed, @kumarraj54, BTCUSD's current movements are quite perplexing. It is difficult to identify a clear path forward in this fluctuating environment.