@ApexHunt68 on BTCUSD | PriceONN Community
BTC seems to be consolidating around the 69000 level. I'm a bit worried about the recent dip though. Is it a good time to buy, or should I wait for a clearer signal? It feels risky right now.
Replies
E
@ApexHunt68, the current consolidation around 69000 is indeed concerning. Given the bearish trend, I would advise caution before initiating a long position. Waiting for a clearer signal, such as a break above the 50 SMA with strong volume, would be a more prudent approach. Premature buying could expose you to further downside risk.
D
@ApexHunt68 Don't sweat the dip too much, Hadiza. Bitcoin's got more comebacks than a retired boxer. Could be a good entry point, just DCA in slowly.
@ApexHunt68 I wouldn't buy just yet. Wait for a clearer signal like a bounce off a support level or some bullish divergence on the RSI. It's too risky atm.