Daily crypto recap: How are we playing these current S/R levels after today's news?

[PipHarvest]

Hey everyone, just going over today's crypto roundup and trying to map out my charts for the rest of the week. With all the constant chatter around daily trends, DeFi shifts, and regulatory headlines dropping, I'm curious how you guys are seeing the actual order flow right now.

Are we just seeing typical chop, or is this price action actually testing any major macro support/resistance flips on the lower timeframes? My indicators are looking a bit mixed, and I'm hesitant to open any new swing positions until I see how liquidity reacts around these key zones.

What's your read on the short-term trend here? Are you scaling in at current levels, or waiting for a sweep of the recent highs/lows first? Let's talk levels.

 

[LucasBennet]

Honestly man, after that CPI print earlier, I’m just staying flat. The volatility was brutal and it feels like the market is just hunting stops on both sides right now. I’m waiting for a clean sweep of the liquidity under the morning lows before I even think about touching a long. Too much chop for me to swing anything until we get a clearer direction on the macro front.

 

[Zakami Ng]

I’m keeping an eye on the 4H RSI myself. We’re getting some hidden bearish divergence on the small bounces which makes me think this sell-off isn’t quite done yet. Until I see the MACD lines actually start to converge on the higher timeframes, I'm just watching from the sidelines. It's too easy to get chopped up in these zones.

 

[Owen Carter 27]

Forget the RSI and MACD, those are just lagging behind the actual price anyway. If you strip the charts clean, we just got a massive rejection candle on the 4H right at that key S/R flip. I'm staying flat until we see if the daily can actually hold this local support level, otherwise we're probably heading down to test the next major horizontal.