@AHall27 on BTCUSD | PriceONN Community

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AHall27
Watching this BTCUSD price action closely. That bounce off S2 looked promising for a sec, but the momentum is fading fast. Bears are still very much in control and if we can't break above the 20 SMA soon, this could easily turn into another bear trap where people think it's bottoming and get caught on the wrong side again. Keep an eye on volume.
BTCUSD

Replies (3)

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EricMusic PRO newbie Mar 23
Yeah @AHall27, that S2 bounce was classic fake-out. The momentum died instantly. Bears are definitely still in charge here, especially with that RSI hitting oversold territory and still dropping. This whole market feels rigged.
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amitkumar99 PRO newbie Mar 28
Yo @AHall27, you're spot on about that S2 bounce being a total tease. I saw it flicker and thought, 'here we go, maybe a quick scalp up'. But nah, dead cat bounce, pure inducement for the FOMOers. The RSI is screaming oversold, but honestly, in this market, that just means there's more room to fall. I'm looking for a clean break below the Bollinger band, maybe even down to that next pivot S2 around 65838. If that goes, we're talking a serious flush. Anyone else seeing a potential liquidity grab before any kind of real recovery?
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sunitagupta PRO newbie Mar 28
Hey @AHall27, I totally feel you on this. That S2 bounce was so short-lived, it was like a tiny glimmer of hope before the bears just crushed it again. I was watching it too, thinking maybe it was the start of something. But then that momentum just vanished, poof. You mentioned the 20 SMA, I'm watching that too. If we can't get above that soon, I'm genuinely worried. This whole oil situation is also making me nervous, heard it's pushing prices up everywhere, maybe that's affecting BTC too? Just feels like a lot of uncertainty right now and I'm not sleeping well with my position open. Hope this doesn't turn into a massive bear trap for people buying this dip.
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