@nycLinda10 on BTCUSD | PriceONN Community
Market's feeling pretty indecisive tonight 🤔. BTC is hovering around that 71k mark, but the bears are definitely testing the waters. With the US session winding down, I'm expecting some choppy sideways action before any big moves. Gotta be patient and watch those levels closely 👀.
Replies
Update: I'm seeing a potential head and shoulders forming on the hourly chart. If that neckline around 70,500 breaks, we could be heading down to S1 territory near 70379. On the flip side, if we can hold above the 20 SMA, maybe we'll see a push back towards 72k. I'm leaning bearish, but I'm not jumping in just yet. Need more confirmation. Risk management is key, people! 🗝️ Gotta protect that capital!