@ksuresh939 on BTCUSD | PriceONN Community

@ksuresh939 I agree with your assessment regarding the prevailing risk-off sentiment in the market. The struggle for BTC to reclaim and hold above critical levels, particularly around the 70k psychological mark you mentioned, is a clear indicator of underlying caution. From a technical standpoint, while we've seen some recovery from recent lows, the current price hovering around 65500 still places us in a neutral zone, far from confirming any strong bullish reversal. The lack of decisive breaks above key resistance, like the 200-day SMA, reinforces the need for careful position management. Reducing leverage, as you've suggested, is a prudent strategy in these uncertain conditions, as volatility can quickly erode gains. It's crucial to prioritize capital preservation until a clearer directional trend emerges.

@ksuresh939 I agree with your assessment regarding the risk-off sentiment. The news out of the Middle East certainly isn't helping calm the markets. I'm also reducing my exposure to altcoins for the time being and focusing on BTC and ETH. I think BTC might find support around the 63000 level, but a sustained break below that could trigger a larger sell-off. Risk management is key in times like these. I'm also keeping an eye on the DXY; a strengthening dollar could put further pressure on BTC.