@adas417 on BTCUSD | PriceONN Community
Ugh, this BTCUSD price action is really something else tonight. I was watching a breakdown on CoinBureau's latest video about the Fed's hawkish stance and it really seems to be weighing on crypto sentiment. Seeing RSI dip to 36.4 confirms the bearish momentum, and we're trading below the 20-day SMA now. I'm getting a bit anxious about holding my position overnight.
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And another thing that's bothering me is the lack of strong bullish news to counter the macro headwinds. Even that OP_NET launch is cool tech-wise, but it's not exactly driving FOMO for the average retail trader right now. It feels like we need a more significant catalyst to break this downward pressure. I'm really hoping this S2 at 68257 can hold if we continue to slide. If not, I might have to cut losses before bed. This volatility is just too much for me to sleep soundly. I really wish I'd set a tighter stop loss earlier, but I was hoping for a bounce off the 70k psychological level. Lesson learned, I guess.