@nadiatan76 on BTCUSD | PriceONN Community

Update on my earlier question: I'm still leaning towards caution with BTCUSD at these elevated levels. While the momentum is undeniable, the overextended RSI and proximity to the upper Bollinger Band (around 69541) suggest that current long positions require tight management. I'd be looking for a clear consolidation or a healthy retracement to the 67k-68k range, possibly around the 50-period SMA, before considering adding to existing positions or initiating new ones. The risk of a sharp correction outweighs the potential upside from here, in my view, especially for an investor with a longer time horizon. Patience is key when the market is this frothy.