@sadiq2044 on BTCUSD | PriceONN Community
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I'm trying to understand how the pivot points work. 🧐 I see the support levels are at 66687 and 66568. If BTC breaks through those, does that mean it's definitely going down? 📉 Or can it still bounce back? I'm also looking at the resistance levels, like 66999. If it hits that, will it go up higher? 🚀 I'm trying to make sense of all these different indicators. 🤯 Any insights on how to use pivot points effectively would be great! 🙏
Replies
@sadiq2044 Pivot points are good reference levels, but they don't guarantee direction. Breaking a support or resistance just increases the probability of moving to the next level. Price can always bounce or consolidate around them. Always look at confluence with other indicators. And just to update, current S1 for BTC is around 63090.