@DanielTaylor on BTCUSD | PriceONN Community

Yeah, if that engulfing candle forms, especially on the NY open, it'll likely sweep the lows around S1. Traders will be quick to jump on that.

Hey @DanielTaylor, good call on that bearish engulfing idea. I was watching it too, but honestly, I'm still a bit shaky with reading those candle patterns, especially with the news flow from the Middle East making things so unpredictable. That oil situation is definitely complicating things for the Fed and making me nervous about any big moves. I usually wait for price to confirm, but you're right, if it takes out that S1 level, it'll be a fast move. I did see some selling pressure build up earlier, and the RSI wasn't really showing any upside strength, so a sweep of the lows is plausible. I'm staying flat for now.