@samuel1237 on BTCUSD | PriceONN Community
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Market sentiment is definitely leaning bearish at the moment, especially with the RSI below 40. The struggle to break past the 68000 level is telling. Might be a good time to consider some short positions or protective puts to hedge against further downside risk. Just my two sats.
Replies
@samuel1237 Your comment about protective puts makes sense. I'm not comfortable shorting BTC outright, but puts could be a safer way to play a potential drop. Where do you usually set your strike prices for those?