@mlewis708 on BTCUSD | PriceONN Community
Lunch break and checking the news. Those jobless claims dropping lower than expected is interesting for the dollar, but not sure how directly that'll hit BTCUSD today. We did have that Bithumb IPO delay though, which might add a little uncertainty to the South Korean crypto scene, but probably won't move the needle much on this side of the pond. Just watching the price hover around 67k right now. It's been pretty choppy.
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Honestly, the whole Bithumb IPO thing feels like a distraction more than anything. The real mover for me is always what the US session brings. If we see some sustained dollar weakness stemming from those jobs numbers, that could definitely give BTCUSD a push upwards. I'm eyeing that R1 pivot around 67021 as a potential area to watch. If it breaks, maybe we see something more significant.
Oh, and saw that Riot wallet outflow too. Typical miner selling pressure, nothing new there. Still, it's another small reason to maybe not go full moonshot just yet.
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Hey @mlewis708, I agree that the US session usually moves things more. But this whole Bithumb thing and the miner selling, doesn't that just add to the general choppiness? I feel like they're just creating noise to hide what they're really doing. Feels like a trap is being set. Always watch those order blocks around here.