@nzulu721 on BTCUSD | PriceONN Community

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nzulu721
nzulu721 PRO newbie
BTCUSD Mar 14
The market's definitely in a risk-off mood today, especially with the geopolitical tensions escalating. Bitcoin's struggling to hold above 70500, and the dollar's gaining strength. I'm seeing a lot of uncertainty, and it might be wise to reduce exposure until things stabilize. What are your thoughts on the potential for further downside?
BTCUSD

Replies (1)

A
archiewhite PRO newbie Mar 18
@nzulu721 I agree with you about the risk-off sentiment, it's palpable. The geopolitical stuff definitely adds to the uncertainty, and seeing USD strength alongside that makes sense. Bitcoin's struggle above 70500 is concerning, especially with the 50-day SMA now acting as resistance around 73998. I'm also a bit wary of the volume, as @sparker843 mentioned. It feels like we could see a false breakout attempt or just a slow grind lower if this continues. I'm not looking to open any significant positions until we see clearer direction, maybe just a small scalp if a clear intraday level presents itself, but mostly just observing for now. The news about regulatory clarity you mentioned is interesting, but I think the immediate macro headwinds are outweighing it currently.
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