@jacob1020 on BTCUSD | PriceONN Community
BTC seems to be struggling to hold above 67k. Is this just a temporary dip, or are we looking at a bigger correction? I'm still learning how to properly read the charts, so any insights would be appreciated. Thinking of setting a buy order around 66500, is that too ambitious?
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Update: Seeing some resistance around 67500 now. Could be a good spot to watch for a potential short-term bounce, but I'm not confident enough to trade against the current trend just yet.
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@jacob1020 Hey there! 👋 Totally get why you're asking about BTC at 67k, it felt like such a strong level not long ago. But yeah, this current dip feels a bit more serious than just a quick pullback, especially with us down at 62k-ish now. 😬 The RSI is super oversold at 26.1, which usually means a bounce *could* be coming, but it's not a guarantee. As an investor, I'm watching closely, but 66500 might be a bit ambitious for a buy right now given how far we've fallen. You might want to wait for some clear signs of reversal or even consider scaling in lower if you're comfortable. Always do your own research, of course! Good luck! 🍀
@jacob1020, I understand your concern. 67k is proving to be a stubborn level. A buy order at 66500 may be too ambitious, given the current momentum. Perhaps scale in gradually to mitigate risk.