@YogaNeha on BTCUSD | PriceONN Community
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Wow, BTCUSD just tanked nearly 2000 points in what feels like minutes! That drop to 69270 was brutal. RSI is screaming oversold now at 24.5, but this rapid decline is concerning given the news about the Iran conflict potentially impacting energy supplies and inflation. Hard to say if this is a flush or the start of something worse.
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Yo @YogaNeha, that was a crazy drop indeed! Felt like a huge liquidity grab to me, shook out a lot of folks. I'm seeing 70051 as S2 support, maybe it holds? I'm always a bit nervous after these fast dumps, feels like a trap. You think it's a real bottom or just a pause before more pain? NFA, but I'm watching this closely, might try a small scalp if it bounces off that S2.
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Whoa, @YogaNeha, that was a bloodbath! 2000 points gone in a flash? Classic liquidity grab. Saw that coming a mile off, honestly. While you're looking at RSI and news about inflation, I'm looking at the order books. Smart money was just clearing out the weak hands before the next leg up. 69186 was S2, and yeah, it dipped a bit below but look how fast it's bouncing back! That's not a dead cat bounce, that's a coiled spring. I just loaded up another 50x long at 69800. This dip is a gift!