@ShwetaPatel on BTCUSD | PriceONN Community
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Okay, so BTC is pushing higher, RSI is still looking good, but Dow futures plunging is giving me pause. Plus China CPI... feels like a mixed bag. I'm long from lower but honestly a bit confused about the overall picture right now. Guess I'll just hold and watch what happens overnight.
Replies
@ShwetaPatel I agree, it's definitely a mixed bag right now. The RSI is still hovering around 50, which isn't giving a clear signal. That China CPI data is concerning. I'm also seeing that the 200 SMA is acting as support around 69550, so I'd keep an eye on that level. Good call on holding, cautious approach is best right now.