@skapoor485 on BTCUSD | PriceONN Community

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S
Been watching some recent analysis from a couple of traders I follow on YouTube. One guy was talking about how the current geopolitical situation, especially that Iran news about using BTC for oil tolls, could be a quiet catalyst for institutional adoption. It's not a direct price driver right now, but the implications for demand are huge. He also mentioned that the DXY weakening after that US CPI report is a clear signal for risk assets like BTC to perform well this week. He's looking at the SMA 50 as a key support level around 71800, and if we hold that, the path to retesting those higher highs seems pretty clear. Just something to consider beyond the immediate chart patterns.
BTCUSD

Replies (1)

S
skapoor485 PRO newbie Apr 10
Yeah, the low liquidity is the main concern. If that bull flag does break upwards, it's going to be very easy for whales to manipulate it, push it a bit, trigger some FOMO, and then dump it hard on the unsuspecting retail traders. That's exactly how these traps are sprung in these quiet sessions. I'd rather wait for the London session to gain some traction or for a more decisive move above the Bollinger band resistance around 73574 before even thinking about getting long. Patience is key here, don't want to get rekt by a fakeout.
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