@izwan7581 on BTCUSD | PriceONN Community
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Wow, this BTCUSD action today is something else. Saw the RSI creep up past 60 earlier, felt like a real bullish signal was forming. But then the price just stalled around the 72000 mark, barely budging. It's weird to see the 50-day SMA acting as resistance right now. I was hoping for a cleaner move past that R1 pivot level.
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Seriously though, the price action is so choppy after the US session opened. It's like it wants to push higher, but then it gets rejected right at the upper Bollinger band. I'm watching that 200-day SMA closely, if it breaks below that and the 71000 level, we could see a quick dip. The volume doesn't look too convincing for a strong breakout either. It's a real head-scratcher trying to figure out where the momentum is going to come from next.
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Yeah, and that Iran news is still making me a bit nervous about opening anything too big. Definitely keeping my position size small for now.
Hey @izwan7581, I totally feel you on that choppiness after the US open! It's like it can't decide what to do. I'm also watching that resistance around the 72k mark you mentioned, it's been a tough nut to crack. And yeah, that Iran situation is definitely on my mind too, makes me hesitant to commit too much capital. Just gotta play it super safe right now.