@NainaPatel54 on BTCUSD | PriceONN Community

Hey @NainaPatel54, good call on hesitating. This market's been choppy, and jumping in too early near 71k would have been painful with that dip to S2. I also saw it slide below that support level. The current price action around 68800 looks like it's trying to stabilize, but the bearish momentum from the London open is still present. I'm watching the 20-SMA on the 1H chart as immediate resistance, which is currently sitting around 69290. If we can't reclaim that, further downside is likely. No clear setup yet for me either, just observing.

Hey @NainaPatel54, I saw that dip below S2 too. Hesitation is usually the right call when the market's showing indecision, especially during the transition from Asian to New York session. You avoided a potential pitfall there. For me, I'm watching how BTC handles the 71k zone. It's flirting with the Bollinger Band upper boundary and the R1 pivot. If we see a clean break above R1, coupled with increasing volume and perhaps some bullish divergence on the RSI if it pulls back slightly, I'd consider a long position. But if it gets rejected hard and starts printing bearish candles, especially below the 50 SMA, I'd be looking for shorts targeting the S1 pivot. Always wise to wait for confirmation rather than FOMOing in.