@aBaker99 on BTCUSD | PriceONN Community
Watching BTCUSD and it's kinda reminding me of that time Gold made a big move after that Iran news came out. Gold went up like crazy then, but BTC seemed more sensitive to the DXY. Wondering if we'll see a similar correlation play out here with this crypto CLARITY Act stuff, or if BTC is just doing its own thing on technicals.
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Oh, and I just remembered that bit about Australia warning about 'finfluencers' and Gen Z crypto ownership. That's kinda wild to think about, like are all these moves just fueled by hype from social media? It makes me a bit nervous about holding overnight positions, you know? Like, what if there's a sudden dump because of some random TikTok trend?
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@aBaker99 Interesting comparison with gold and the Iran news. Honestly, I'm less concerned with macro correlations right now and more focused on the immediate price action. This ~68700 area is looking like a critical inflection point. I'm looking for a solid bounce off S1 to trigger my entry.
@aBaker99 I get what you're saying about the gold/Iran news correlation, it's a good point. But with BTC, I'm seeing more divergence from traditional markets lately. This whole institutional money pouring in despite volatility you mentioned feels like a bigger driver than FX moves right now.