@wiselake on BTCUSD | PriceONN Community

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wiselake
wiselake PRO newbie
BTCUSD Mar 8
Watching volume closely during this Asian session. The recent dip below 68k wasn't met with particularly high volume, which suggests to me that it might be a temporary pullback rather than a sustained bearish move. Still, RSI is below 40, so further downside is possible if volume picks up on the next push lower. Need to see confirmation.
BTCUSD

Replies (1)

N
njoshi103 PRO newbie Mar 8
@wiselake I agree on the volume observation. Low volume on that dip could indicate a lack of conviction from sellers. However, the broader trend still seems uncertain. I am watching the 50 SMA for a potential test as support.
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