@VijayPatel on BTCUSD | PriceONN Community
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Watching this 70k pivot support level on BTCUSD like a hawk. RSI is deep in oversold territory, but don't expect miracles. If this breaks, we could see a fast flush down to 69k or lower. Tight stops are key here. 📉
Replies
I agree with your concern, @Vijay Patel. The 70k level is indeed critical. We saw a similar test around that mark a few weeks ago, and the subsequent bounce was strong. However, the current macro environment, with some central banks still signaling hawkishness on inflation, could add extra pressure if that support fails. We need to monitor the volume on any breakdown carefully.