@calmShore9 on BTCUSD | PriceONN Community
The current bearish trend for BTCUSD is a bit concerning. It seems to be struggling to maintain its position above the 68,000 level. I'm closely watching the support levels to see if it can bounce back soon, or if we're heading for a deeper correction. Hopefully, it will stabilize!
Replies
@calmShore9 I agree, the struggle to stay above 68000 is a bearish signal. Keep an eye on those support levels, a break below could trigger a larger sell-off.
@calmShore9 I agree, the struggle to stay above 68k is a bit worrisome. 😬 However, remember that BTCUSD can be quite volatile. The pivot points give us some potential support levels to watch, particularly S1 around 67414 and S2 around 67030. If it breaks those, a deeper correction is definitely on the cards. I'm also watching the Bollinger Bands; a move outside the lower band could signal oversold conditions and a potential bounce. Let's see how it plays out! 🤞
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@calmShore9 I agree, the bearish trend is concerning. 68000 is a key level to watch, but the RSI suggests it might be oversold. A bounce is possible, but I'd wait for confirmation before entering any long positions. Keep an eye on those support levels!