BTCUSD Live Price, Chart & Technical Analysis Guest

Is anyone else watching for a potential double top forming around the 71000 level? RSI seems a bit overbought on the H4 chart, but volume hasn't confirmed the reversal yet. What are your thoughts on the likelihood of a breakout versus a rejection at this level?

I've learned the hard way that chasing pumps in BTC usually ends badly. Better to wait for a solid retest of support or a confirmed breakout with volume before entering. Saw too many fakeouts around 71k recently. Patience is key, folks.

I'm seeing a lot of sideways action today with Bitcoin. It's like everyone's waiting for something big to happen before committing either way. The CPI data (N3) didn't really move the needle, so maybe we need to look at what's happening with Oil. It could be a drag on the whole market if inflation heats up again. Staying patient for now.

In trading, as in life, it's not about predicting the future, but preparing for all possible futures. Adaptability and risk management are your best allies. Focus on what you can control, and let the market do its dance.

Stopped out on my short at 70500. Was expecting more downside after that initial push but clearly i was wrong. Gotta respect the market even when it doesn't make sense. Small loss, moving on. NFA