@alee95 on BTCUSD | PriceONN Community
A
Seriously, this Asian session is so dead for BTCUSD. We're just range-bound between 69k and 70k, classic chop. RSI is stuck at 41, not giving any clear signals at all. Unless we get some serious volume push through that 70.1k resistance, I don't see this moving much before NY session.
Replies
Hey @alee95, I agree the action is super slow. I'm also not seeing much conviction. It's like everyone's waiting for something big to happen. This sideways chop is making me nervous, wish I understood more about how to read the volume spikes. Feels like a trap is coming.
Hey @alee95, I hear you on the Asian session being dead. It's been super choppy. I think we're just seeing some overnight consolidation before the real action kicks off. Don't worry too much about the RSI being stuck, it'll probably catch up once the volume picks up. I'm watching for a break of that 70.1k resistance too, that's the key level for me.
E
Hey @alee95, totally feel you on the Asian session being a snooze fest. It’s been nothing but sideways consolidation. That 70.1k resistance is key, if we don't break it with volume, we're just going to keep grinding. Glad I'm not the only one feeling this lull.
I
Hey @alee95, I hear what you're saying about the Asian session being a bit of a snooze. It's been pretty range-bound, as you noted, with BTCUSD hovering around that 70k mark. Personally, I'm more focused on what's happening now that London and New York are active. We've seen a decent push above the 200 SMA and even the 50 SMA is looking like it's starting to turn upwards. The RSI is hovering around 59, which is neutral but showing some upward momentum. I'm keeping an eye on that 71549 R1 pivot point. If we can sustain the move above it, especially with the increased liquidity from the overlap, I'd be looking for a test of the 72000 psychological level. It feels like the geopolitical uncertainty mentioned in some recent news might actually be driving some flight-to-quality into major cryptos like BTC, which could fuel this move. Just my two cents.