@kimberly3935 on BTCUSD | PriceONN Community
Ugh, BTC is just stuck. I was hoping for a breakout above 72k today, but it's just hovering around 71200. RSI is doing nothing, volume is meh. Seriously considering closing my position and waiting for a clearer signal. This chop is killing my patience.
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Anddd of course, right after I complain, it starts to move a bit. Still not convinced though. I'm gonna give it another hour, and if it doesn't convincingly break 71500, I'm out. Need to protect what little profit I have. Maybe smart money is accumulating, but I'm not seeing it yet.
P
Hey @kimberly3935, I totally get that frustration. This choppy action around the 71-72k area has been a real test of patience, hasn't it? It feels like we're on the edge of a breakout, but then it just pulls back. I've been watching the 200 SMA on the H4 chart, which is sitting around 70.5k, and that's been a pretty solid support zone recently. If we can get a clean break above the Bollinger Band resistance around 74.5k, I think we might see some serious momentum. Don't give up just yet, but definitely protect your capital if it feels wrong. Maybe set a tighter stop just below the recent low near 70k?