@ediSophie on BTCUSD | PriceONN Community

@ediSophie Moving your stop to breakeven is a sound risk management decision, especially when re-entering near your initial entry point. Protecting capital is paramount, and it seems you've learned that lesson well. The current price hovering near your entry at 69600 suggests a rather tight range. I've observed that when the price action consolidates like this, often after a prior move, it can precede a significant breakout or breakdown.

Given the bearish RSI at 37.8 and the price below the 50-hour SMA, the immediate bias leans towards caution. However, the fact that the S1 pivot at 69562 is still holding offers some temporary respite. If that level breaks decisively, expect further downside pressure, potentially testing S2 around 69261. Keep your stop tight, as you've done.