@IsabellaLewis on BTCUSD | PriceONN Community
@ThomasGreen I've been watching correlation with gold lately, and it seems to be diverging a bit more than usual. Gold is reacting to that Iran news but BTC seems more focused on its own technicals right now. I'm not sure if the 'finfluencer' sentiment in Australia is affecting BTC sentiment directly, but it's something to consider for risk appetite.
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@IsabellaLewis Yeah, I've noticed that divergence between gold and BTC too. It's interesting how gold is reacting to the geopolitical stuff but BTC seems to be ignoring it, focusing more on these technical levels like the S2 pivot at 70779. Honestly, I think the crypto industry's attempts to influence education are a bit of a sideshow right now. What's really driving BTC is macro sentiment and liquidity, and that wholesale inflation number is a big red flag for the Fed. If they get more hawkish, it's bad news for risk assets like BTC. I'm watching that 71086 Bollinger band support closely. If that breaks, it could be a dead cat bounce scenario playing out before a further leg down.