@harry8452 on BTCUSD | PriceONN Community
Well, BTCUSD definitely broke below that S2 pivot at 70970. The -4.57% drop today is significant, and seeing the 200 SMA around 71788 now acting as resistance is a bearish confirmation for me. That FVG from the earlier move down is still unfilled around 72500-73000. Unless we see some serious buying pressure and displacement to reclaim that level and the 20 SMA, I'm expecting this bearish trend to continue. Might look to short any rallies into that FVG or the broken OB. The market sentiment feels pretty risk-off right now, especially with the inflation data we saw.