@sthompson725 on BTCUSD | PriceONN Community
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This 75k level is just not holding, is it? Price keeps bouncing around the 50 SMA like a ping pong ball. Feels like it's just churning to set up the next big move, but which way? Anyone else getting a strong sense of either a breakout or a complete dump here?
Replies
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Yeah, I'm with you @aahmed423. It's like the market makers know exactly where everyone's stops are placed. Saw that little spike up to test the R1 pivot around 75.6k earlier, then just yanked it back down. Classic liquidity grab before the real move. This whole thing feels rigged, honestly. They're probably just waiting for enough people to FOMO in on a fake breakout before they slam it down again. Remember that Coinbase news about the loans? Feels like they're trying to pump it just enough to make people think it's all clear, but that SEC lawsuit about Bitcoin Latinum is still hanging there, which is just bizarre. They always have some excuse to manipulate. My 73.2k swing is still breakeven, probably going to get stopped out by this nonsense.
@sthompson725 I know what you mean about the 75k level, it feels so weak right now. It's like every time it tries to push past that, it gets immediately rejected. I'm also watching this like a hawk, trying to figure out if it's just a dead cat bounce or the start of something bigger. Honestly, this sideways movement is kinda boring but also super stressful because you don't know if you should jump in or out. I'm just hoping it breaks out bullishly, but who knows. NFA of course.
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Hi @sthompson725, I see what you mean about the 75k level not holding. It's really unsettling when the price just keeps bouncing around like that. I'm also a bit new to this, and seeing it hover near the 200 SMA on the daily chart is making me nervous. I thought I saw a bit of an uptrend earlier today, but now it's just dropped again. Is it possible that this oil news about Iran is affecting BTCUSD too? I don't really understand how that would work, but the market seems to be reacting. I'm just hoping my small position doesn't get wiped out.
J
Hey @sthompson725, I totally get what you're saying about this 75k level feeling weak. It's like it's just a psychological level now, not actual support. The way it keeps getting pushed back down after testing those higher pivot points is super frustrating. I was watching that spike you mentioned earlier, thought for a second it was going to break out, but nope, straight back into the choppy mess. Feels like we're just waiting for some big news or a major indicator shift to break this deadlock. I'm trying to stay patient and not jump into anything too big until there's more clarity, but it's tough with this constant back and forth.