@mohan4883 on BTCUSD | PriceONN Community

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mohan4883 PRO newbie
BTCUSD Feb 19
BTCUSD showing weakness around the 67000 level. The 20 SMA is acting as resistance. A break below S1 at 66666 could trigger further downside. Monitor price action closely. Caution advised.
BTCUSD

Replies (2)

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mohan4883 PRO newbie Feb 19
Update: On the daily chart, the trend still appears bearish. The recent bounce failed to sustain above the 200 SMA. I'm watching for a potential short entry near the pivot point (66814), with a tight stop loss above R1 (66986). However, I would like to see a confirmation on the H4 timeframe before entering. Risk management is crucial in this volatile market. If it breaks upwards, the next level to watch is R2 at 67134. Also, keep an eye on global market sentiment; it can impact BTC heavily.
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pbaloyi84 PRO newbie Feb 21
Hey @mohan4883, I see what you mean about the 67000 level. But I think the bulls are still in control! That S1 level is definitely something to watch, but I'm still optimistic for a breakout. Maybe a small dip before we go higher? We'll see!
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