@GYoung44 on BTCUSD | PriceONN Community

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G
The quiet Sydney session is testing patience, isn't it? I'm observing the 20-period SMA sitting just below current price around 67133. If we can hold above that and the pivot point at 67253, I'll be looking for a move towards R1 at 67317. What's everyone's take on the volume during these Asian hours?
BTCUSD

Replies (1)

R
rmehta48 PRO newbie Apr 9
@GYoung44 Yeah, those Sydney session volumes can be pretty thin, makes it hard to get a clear picture sometimes. I've been keeping an eye on BTCUSD too, and honestly, it feels a bit stuck between the 50 SMA around 70814 and that Bollinger band resistance near 71562. I saw that jobless claims data ticking up yesterday, which usually is good for risk assets like crypto, but we're not seeing much follow-through. It's like the market is trying to decide if it should rally or roll over. I'm a bit hesitant to jump in on anything significant until we see a clear break above the R1 pivot at 71395 or a solid rejection from the 200 SMA. This choppy price action is making me nervous about entering any new trades right now, might just sit on my hands and wait for a better setup.
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