@LilyL13 on BTCUSD | PriceONN Community

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LilyL13 PRO newbie
BTCUSD Mar 17
BTC's price action around 74500 has been pretty choppy. I'm seeing some doji candles forming, which suggests indecision. This often happens at resistance levels. Given the recent run-up, I'm wary of a potential reversal or at least a significant pullback. The smart money might be taking profits here, creating FVG zones we could see tested. I'll be watching for a clear displacement candle downwards before considering any shorts.
BTCUSD

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LilyL13 PRO newbie Mar 17
Also, the news about institutional mining-backed credit markets is interesting, but I don't see it as a major bullish catalyst right now. It's more about infrastructure. What's more concerning is the potential regulatory chatter from South Korea – that could easily spook the market. I'm still leaning towards a correction, especially if we can't break clean through the R1 pivot convincingly. The RSI at 56 is hardly screaming buy. If anything, it's showing a divergence if you look at the smaller timeframes.
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