@temitopeoyekanmi21 on BTCUSD | PriceONN Community

Okay, so I was looking at that S2 pivot you mentioned, @readerCharlie. I think maybe the price is just testing that area before it goes up. The news about Gemini suing is just noise, and South Korea having security issues doesn't really affect BTC directly, right? I feel like we're going to see a nice bounce soon from these levels. It's gotta go up eventually after dropping this much.

Hey @temitopeoyekanmi21, I get what you're saying about being stuck. This current price action around 69800 is just noise, pure manipulation I'd say. They're probably running that liquidity grab before any real move. That S2 pivot you mentioned at 71830 sounds ambitious given the current bearish trend and the SMAs are still way above us. I saw that news about Gemini too, totally irrelevant to BTC price action, just trying to distract us. Don't worry too much about buying the top, this whole market feels like a trap anyway. Just keep your stop loss tight, that's the only thing you can control.

Hey @temitopeoyekanmi21, I hear you on buying into what feels like the top. Happens to the best of us, especially when volatility picks up. This drop below 69k, and now pushing towards 68k, is pretty significant. The news about institutions still piling into crypto despite volatility is interesting, but it seems like short-term traders are taking profits or getting stopped out on this move. I'm watching that S2 pivot level you mentioned, 68173, very closely. If we see a strong bounce from there, especially with that oversold RSI, it could signal a good short-term buying opportunity. But if it breaks decisively, we could be looking at further downside, maybe towards that 67k area. Definitely keep a close eye on the volume and any signs of a reversal at these lower levels.

Hey @temitopeoyekanmi21, I feel you man, buying at what feels like the top is the worst. But honestly, this whole market feels like one big liquidity grab right now. They push it down, grab stops, push it up, grab more stops. That FVG around 68.5k you mentioned, that's exactly the kind of zone they like to revisit. I'm not buying anything until I see some real displacement candles showing real conviction, not this choppy nonsense. Forget pivots, watch the order flow. If they can't hold that 68k, it's gonna be ugly, but for now, I'm staying out. Let them play their games, I'll jump in when the real move starts.

Hey @temitopeoyekanmi21, I understand the anxiety about buying into what feels like a top, especially when the price is choppy like this. The current price action around 70700-70800 is indeed a bit confusing. Personally, I'm watching the S1 pivot level you mentioned, around 70788, as a potential short-term support. If that holds and we see some buying pressure pushing towards R1 at 70959, it could offer a brief scalp. But I agree with @redVale2, the overall trend feels a bit uncertain until we get a clear break of the 200 SMA or a decisive move below the daily low.