@kevin2742 on BTCUSD | PriceONN Community

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kevin2742
With BTCUSD's rapid ascent, I'm curious if we'll see any short-term resistance or a brief consolidation around the R1 level at 69479 before potentially targeting 70k. Any thoughts on profit-taking zones for scalpers?
BTCUSD

Replies (1)

O
osmith290 PRO newbie Mar 1
@kevin2742 Regarding your question about resistance, I agree that 67477 (R1) is a key level to watch. However, with the recent geopolitical news, risk sentiment might override technicals in the short term. A cautious approach to profit-taking is advisable, perhaps scaling out positions as it approaches that level.
EURUSD 1.16205 -0.09%
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