@mphillips243 on BTCUSD | PriceONN Community

@mphillips243, while I agree that the SMA200 at approximately 68250 could offer some support, I'm not convinced it will hold given the current momentum. The bearish engulfing candle on the D1 chart suggests further downside potential, possibly towards the S2 pivot around 67917. A break below that level could trigger a sharper decline. I think anticipating a safe haven move is premature considering the RSI. I would wait for confirmation before committing to a long position. Remember to assess correlation with other assets before making a final decision. It's always better to be cautious.