@benjaminleblanc82 on BTCUSD | PriceONN Community
Watching this 71400 level closely. It's been rejected twice today, and with the geopolitical jitters from that Middle East situation, I'm leaning towards a short if we can't break it cleanly in the next hour. The 50-day SMA is also sitting just below, acting as support, so it's a bit of a tug-of-war right now.
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Actually, on second thought, the RSI is hovering around 49, which is pretty neutral. If we get a clean break above 71400 with increasing volume, a move to the R1 pivot at 71549 is definitely on the cards. I'll wait for that confirmation.
Hey @benjaminleblanc82, I hear you on the 71400 rejection. It's a tough spot. But with that Nvidia lawsuit news stirring up the tech sector, I wouldn't be surprised if some of that uncertainty spills over and forces a sharper move, either way. I'm watching for a potential shakeout below the S1 pivot at 69290.