@james95 on BTCUSD | PriceONN Community

Actually, thinking more about it, that liquidity grab below 68k might have been a good sign. It swept the lows, took out some stops, and now we're back up. Could be a classic bull trap scenario for the bears, or just a precursor to a bigger move up. I'm leaning towards the latter. If we break above the R1 pivot, I might add a bit more to my position.

James, I agree the price action is a bit choppy, but that sweep below 68k might have been a liquidity grab. The Iran news seems to be giving some legs to risk assets like BTCUSD, pushing it back above the 20 SMA. However, I'm wary of a potential bull trap here. We're still below the 200 SMA at 68300, which is acting as resistance. If this news fades and we can't break that level, we could see a sharp reversal down. Traders might be buying the rumor and selling the fact. I'm keeping my powder dry for now, waiting for a clear break or a confirmed rejection.

@james95 yeah that liquidity grab below 68k was weird. I saw it dip and almost panicked, but then it shot back up. Feels like some whale is playing games. I'm holding my small long for now but not adding more, too risky with this chop.