@michael6454 on BTCUSD | PriceONN Community

Wait, I just re-read some stuff about Bitcoin hitting new lows if 60k doesn't hold. That's kinda scary if you think about it. I was hoping for a quick recovery but maybe that's not happening. The fact that it's below the 20-day SMA is not a good sign either. I'm not an expert but that usually means something is up. Maybe I should just stick to less volatile stuff for now. This whole crypto thing is wild.

Seriously though, this price action is making me really nervous. I'm looking at the chart and it just seems like it's been stuck in a downtrend for hours now, bouncing around the 66600 area. I know some people are talking about support around 66200, but with how things are going, I wouldn't be surprised if we break through that too. It feels like there's a lot of selling pressure, almost like smart money is offloading. I might just close my position before bed, too risky to hold overnight.