@thomasdavis96 on BTCUSD | PriceONN Community
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This BTC drop reminds me a bit of what happened back in late 2021/early 2022. We saw a big run-up, then a pretty sharp correction that shook a lot of people out. I remember thinking it was a great buying opportunity back then, but it kept going lower! 📉 I'm wondering if we're in a similar situation now, where the market is just overextended and needs to cool off. The 200 SMA is just below the current price, around 68260, so maybe that will act as a support? I'm still learning how to read these charts properly, but I'm trying to be cautious and not get caught up in the hype. 🧐