@ganeshmurthy on BTCUSD | PriceONN Community
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Man, I've been watching this BTCUSD like a hawk all night. Was thinking of throwing my entire account at a long around 66k, but then I remembered the last time I did that, it dumped harder than a politician's promise. Maybe I'll just sit this one out for now... maybe.
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Hey @ganeshmurthy, I totally get where you're coming from. Chasing a move or over-leveraging on a hunch can be a fast track to disaster. Sticking to the sidelines and waiting for clearer signals, especially around key levels like 66k, is often the smartest play.
Hey @ganeshmurthy, I feel you man. Trying to catch a falling knife is never a good idea. All these news outlets pushing the 'geopolitical tensions' narrative to justify a dump, probably just to shake us out before the next pump. Classic manipulation. Just saw some clown on Twitter saying the spread widened like crazy on him at 66k. Figures. 😤
Hey @ganeshmurthy, I get the hesitation. That feeling of 'too good to be true' is a trader's best friend sometimes. I was also eyeing a short earlier, but the H4 RSI is still above 60 and the price is holding above the 200 SMA. The recent news about a solo miner hitting a big reward is interesting, but it's a one-off, not a market trend. I’d wait for a clear break of the 67k level before committing anything significant.