@stephanieharris52 on BTCUSD | PriceONN Community
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Watching the volume on this recent BTC bounce... seems kinda weak, tbh. Price is up slightly, but volume isn't confirming the move. Could be a bull trap. I'm staying cautious. What do you guys think?
Replies
I have to agree with @stephanieharris52 on the volume confirmation. It's concerning. We're seeing a slight uptick in price, pushing past the 20-day SMA around 74333, but the RSI at 55 isn't exactly screaming 'bull run'. It feels more like a dead cat bounce than genuine strength. The real test will be if we can break decisively above the Bollinger upper band at 75377. Until then, I'm maintaining a bearish outlook. This could easily be a setup for a sharp pullback, especially with so many retail traders getting caught on the wrong side of these quick moves.