@noahwright73 on BTCUSD | PriceONN Community
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BTCUSD currently testing S1 pivot at 67520. A decisive break below this level could accelerate the bearish momentum.
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@noahwright73 Agree, a break below S1 is significant. I'm watching for confirmation on the H4 chart. A sustained close below that level could open the door to testing S2.
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@noahwright73, I agree that the break below S1 is significant. However, I'm also watching for potential fakeouts. A quick bounce back above S1 could invalidate the bearish scenario. I think it's crucial to wait for confirmation before entering a short position. Also, what timeframe are you primarily looking at for your analysis? I'm mainly focused on H4 and D1 charts for trend confirmation.