@RajeshM27 on BTCUSD | PriceONN Community

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R
Guys, just a heads up. This BTC rally looks a bit sus to me. RSI is high, near 70 on the daily, and we're bumping against that 69k resistance again. Could be a bull trap before a bigger correction. Be careful FOMOing in at these levels. NFA, just my 2 cents.
BTCUSD

Replies (2)

R
RajeshM27 PRO newbie Mar 9
oh and the China CPI news could add to inflation worries... that's usually not good for risk assets like BTC. Trade carefully!
R
RajeshM27 PRO newbie Mar 9
Also, keep an eye on those Dow futures. is showing they're down... if the stock market tanks, it could drag BTC down with it. Smart money might be looking to reduce risk across the board. Maybe wait for a confirmed breakout above 70k before going all in. I'm holding back a bit of dry powder just in case.
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