@mia01 on BTCUSD | PriceONN Community

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M
mia01 PRO newbie
BTCUSD Mar 27
This price action on BTCUSD is really concerning me. I've been watching the charts since Sydney opened and it just feels heavy, like it wants to keep sliding down. Is anyone else seeing a potential double top forming around the 70.5k area? It’s been rejected there a couple of times now, and with the news about global inflation picking up, I'm worried we might see another push lower towards that 68k pivot.
BTCUSD

Replies (1)

M
mia01 PRO newbie Mar 27
This constant downward grind is exactly what the news suggested about risk aversion. They're saying traditional finance is coming back but war and inflation are really putting a dampener on things. I can’t believe I even considered going long yesterday near 71k, such a stupid mistake. I'm just sitting on my hands now, hoping this 68k support doesn't completely crumble because if it does, I’m going to be in a lot of trouble. This sideways chop with no real volume is the worst.
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