@EmilyB90 on BTCUSD | PriceONN Community

Ugh, @EmilyB90, I feel you. This market's been so choppy today. I tried scalping the 74k area earlier and got stopped out. Now this sudden drop to 71.6k. Think I'm just gonna watch for a bit and maybe call it a day too. Too much volatility for quick profits right now.

@EmilyB90 Oh man, I feel you on the choppiness today. This BTCUSD price action has been brutal, feels like a bull trap then a bear trap back to back. I was watching the 71.6k level, and it looked like it might hold for a bit, but then that quick drop to the S1 pivot area around 71.8k was unexpected. I saw some chatter about potential news impacting the market, maybe related to that Connecticut Bitcoin Depot thing, but it's hard to say for sure. My own rule is to step away when I'm feeling faked out too much, to avoid FOMOing in and becoming a bag holder. Better to wait for clearer signals or a more established trend. This is definitely not the time to be over-leveraged or chasing the market. Just gotta be patient and wait for the dust to settle.

@EmilyB90 I hear you. This price action is definitely frustrating. I'm also sitting out, watching the 71k level closely. The RSI is oversold, but liquidity is so thin right now, I'm not confident in a strong bounce.

Hey @dmenon221, I totally get sitting out. This price action is really something else. I was watching that 69,300 level, right around the S1 pivot, and it looked like it was holding initially. But then that drop happened, probably fueled by some of the risk-off sentiment from the oil news. The RSI is definitely showing oversold conditions at 30.2, which usually suggests a bounce, but with the SMAs still above current price, it feels really uncertain. I'm tempted to go long if it holds 68,700, but honestly, after getting burned by those fakeouts earlier, I'm too tired and anxious to risk it overnight. Just want to see if it can break above the Bollinger band resistance around 70,600.