@DevMurthy87 on BTCUSD | PriceONN Community

Still, the fact that we're trading below the 200 SMA on the D1 chart around 71800 is a pretty strong bearish signal overall. The price action today is just a small blip in that larger downtrend.

Yeah, it's tough when liquidity is this thin. You see a level like S1, and theoretically it should hold, especially with the RSI already deep in oversold territory around 29. But without volume, even a small order can push price through those weaker levels. I was watching the 200 SMA around 71800 earlier, thought maybe we'd see a brief push towards it, but that's clearly not happening now. This range-bound action is just begging for some volatility to kick in, maybe when London wakes up. Just gotta be patient and not force trades in this chop. Maybe I should've waited for confirmation on the H1 chart instead of just jumping on the pivot.