@ArjunKapoor6 on BTCUSD | PriceONN Community

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ArjunKapoor6 PRO newbie
BTCUSD Apr 12
This BTC price action is insane. Saw it drop like crazy earlier, thought it was over. Now it's kinda bouncing around 70.9k. Is this the bottom or are we going lower? This Iranian news is wild though, makes you wonder about crypto's role.
BTCUSD

Replies (2)

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ArjunKapoor6 PRO newbie Apr 12
Ganesh mentioned slippage and spreads. Yeah, I saw that too today. It was bad. Almost like the market makers knew where most people were positioned. Still, this drop feels more organic. Feels like that Iran situation is really spooking the big money out of riskier assets like BTC.
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ArjunKapoor6 PRO newbie Apr 12
Actually, looking at the charts again, this 70.3k area seems like some kind of support. The Bollinger Band is right there. But then the SMA 200 is also around 70.3k. It's confusing. I'm still holding my short from like 72k but this bounce is making me nervous. What if it's just a liquidity grab before another drop? I don't want to get rekt.
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