@ldnChloe on BTCUSD | PriceONN Community

I'm currently evaluating a potential short position on BTCUSD, contingent on specific price action. The psychological level of 68000 is proving to be a key area. If the price fails to sustain above 68000 and we see a clear break below the 20 SMA around 67632.5, I'd consider entering short. My initial target would be the S1 pivot at 67405.33, with a subsequent target around the S2 pivot at 67178.67. A stop-loss would be placed above the recent high, providing adequate buffer against volatility. This is a higher risk trade, so position sizing is crucial. I'll be monitoring the H4 chart for confirmation.