@emichaud171 on BTCUSD | PriceONN Community
Seeing a lot of choppy action around the 71k level today. While price action is technically still above key SMAs, the recent push from the NY session hasn't shown conviction. I'm still leaning bearish given the broader macro environment and the fact we're approaching significant resistance zones from last week. Anyone else feeling cautious here?
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Also, considering that geopolitical risk is still elevated, which could spill over into risk assets. That economic slack news from New Zealand is just another indicator of potential slowdowns globally. Even if we see a short-term bounce, I don't see a sustainable bullish continuation without a significant shift in fundamentals.