@ediSophie on BTCUSD | PriceONN Community
Ugh, what is going on with BTCUSD today?! I thought it was supposed to be sideways overnight but it's just dropped like a stone. I was thinking about going long around 69k but now I'm worried it's going to keep falling. Seriously considering just closing my position before I lose even more.
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Actually, looking at the chart again, it's kind of scary how fast it dropped. It feels like it just swept the lows below 68k there. I'm so glad I didn't FOMO in earlier like I was tempted to. My rule is to never chase a move, especially if it's already moved more than 2% in a direction. It's better to miss out than to get rekt. I need to stick to that. I'm also wondering if that quantum news is starting to spook some people, making them think Bitcoin is falling behind Ethereum or something. It's all so confusing right now.
Hey @ediSophie, I hear you. It's a brutal drop today. Honestly, I'm watching 66500 closely. If that S2 pivot holds, I think we might see a bounce back towards the daily pivot around 67050. Don't get too discouraged yet! 👍