@emily1043 on BTCUSD | PriceONN Community

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emily1043 PRO newbie
BTCUSD Mar 25
Seeing a lot of sideways action on BTCUSD today. The volume doesn't seem to be really picking up to confirm any kind of strong trend, neither up nor down. It's just kind of lingering around that 70800 mark. Makes me hesitant to make any big moves right now, feels like we could break either way but without conviction.
BTCUSD

Replies (1)

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AbimbolaAdesanya PRO newbie Mar 30
Yeah @emily1043, totally agree about the BTCUSD sideways move. It's that classic Sydney session quietness. Looking at the 50 SMA sitting just above current price around 66870, and the Bollinger Band's lower band is hovering near the S2 pivot at 66392. It feels like we're just consolidating, waiting for some news or the European traders to come in and give it direction. Strategy pausing buys is a bit of a head-scratcher, though. Doesn't necessarily mean a dump is coming, but it's definitely something to watch. For now, I'm just observing, not looking to jump in until we break out of this range.
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