@ayesha1986 on BTCUSD | PriceONN Community
This whole sideways chop feels eerily similar to that mini-crash back in March. Remember when everyone was screaming 'bear market' and then suddenly we ripped 10k in a week? Seems like the same liquidity grab attempt, just different players. They're shaking out weak hands before the next leg up. Classic. NFA.
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And honestly, looking at that RSI at 47 and the price just hovering around the 200 SMA on the daily... it screams 'trap'. The smart money knows exactly what they're doing, pushing price around these key levels to lure in retail FOMO or to trigger stop losses. I swear, it's like watching a puppet show designed to fleece us. It's infuriating. I'm just waiting for that clear break of the 74k resistance before I even consider getting back in, but I doubt it'll be clean.
A
Hey @ayesha1986, totally feel you on the chop. It's like they're just playing ping pong with retail's stop losses. That move towards 76k yesterday felt like pure manipulation, and then seeing it reverse so fast... classic liquidity grab. I'm not buying the 'shaking out weak hands' narrative yet though, this feels more like a distribution phase before a real dip. That RSI dropping below 40 on the hourly is screaming caution to me. I've got a small short open near the top, just hoping to catch a piece of this next move down. If it breaks below that 200 SMA on D1, we might see a real flush.