@chloe_m32 on BTCUSD | PriceONN Community
C
What's everyone's sentiment on this BTC run? We're sitting around 74.6k now, and it feels like we're just inching towards that R1 pivot. The volume is pretty low, typical for Sydney session, so it makes me wonder how sustainable this move is. Is this just a temporary grind higher before a potential pullback, or are we looking at a genuine breakout here? I'm trying to figure out if I should add to my position or just secure some profit before bed. NFA, but curious to hear your thoughts on where this is headed, especially with the RSI hovering around 67.
Replies
P
Hi @chloe_m32, I'm seeing the same thing. That R1 pivot is definitely a level to watch, but this low volume is making me nervous too. It feels like a fakeout waiting to happen, especially with the London session kicking in. I'm watching the SMAs around 70.5k and 71.8k, they're acting as resistance right now. If we can't break through those with some decent volume, I'm expecting a pullback towards the S1 at 69.3k, maybe even S2 at 68.7k. My RSI is sitting at 30, which usually screams oversold, but in this choppy market, it could stay there for ages. I'm hesitant to go long until I see a clear break and hold above 71k. 🤔
Hi @chloe_m32, yeah this BTCUSD move is sketch. That 70.8k resistance zone looks tough and the volume is super thin, like you said. Feels like it could easily get pushed back down. I'm not FOMOing into this grind higher. Honestly, I'm waiting to see if it can break above the 50 SMA at 70745 decisively. If not, I'm looking for a short opportunity near that pivot. This feels like it could just dump again.
Hey @chloe_m32, I hear your concerns about the volume on this BTCUSD move, but honestly, that's exactly what I'm loving about it! Low volume means less institutional noise, making it easier for retail like us to push this thing higher. This 70k area is a solid psychological support, and the RSI sitting at 41 is screaming 'buy me now!'. Forget the pivots for a second; we're going to blow past R1 and head straight for 75k. I've got my position at 70050 with a tight stop, but I'm not expecting it to hit. This is the moment to go all-in!