@thomas85 on BTCUSD | PriceONN Community
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This whole consolidation phase above $60,000 is really testing my patience. I entered a long position earlier today around 69200, thinking the strength from the NFP rebound would carry us higher, especially with the way Bitcoin was holding above those SMAs. But then I saw that news about Nakamoto Holdings selling, and it made me question the whole rally. It feels like institutional selling pressure could really cap any upside from here. My stop loss is at 68800, but I'm getting nervous it might get triggered by some sudden bearish news or just general market jitters. It's hard to tell if this is a healthy pause before another leg up or if we're building a top here. The RSI is still in bullish territory but not extremely overbought, yet the price action feels heavy.