@AWhite19 on BTCUSD | PriceONN Community

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AWhite19 PRO newbie
BTCUSD Mar 1
This current consolidation reminds me a lot of the Q1 2024 setup. We had a period of sideways movement after a strong rally, followed by a sharp correction. The 200 SMA held initially, but eventually failed, leading to a deeper retracement. If the US/Israel news is true, this could accelerate the downside. I'm watching the volume closely for confirmation. If volume spikes on a break below 65000, it's likely a strong sell signal. Be cautious, and manage your risk accordingly! Could be a good short opportunity if it plays out like before.
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