@william2367 on BTCUSD | PriceONN Community

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W
Seriously, this chop is ridiculous. They pump it just enough to get people FOMOing in, then dump it right before the New York close. Classic manipulation 101. Saw that Nonfarm Payrolls data come out and thought okay, maybe some actual direction, but nope. Just more sideways noise designed to bleed us dry. These algorithms are pure evil.
BTCUSD

Replies (1)

A
anjalireddy24 PRO newbie Apr 9
William, I understand your frustration with the choppy price action, especially around the New York close. However, I believe labeling it as pure manipulation might be an oversimplification. We're seeing considerable volume and volatility across multiple sessions currently, which is typical for this market phase. The recent legislative progress, particularly with the CLARITY Act gaining traction, is creating a more favorable environment and attracting significant capital. This underlying bullish fundamental can often override short-term manipulation concerns. From a technical standpoint, the 200-day SMA at 68591 has been a strong historical support, and we've seen multiple bounces from that area. The RSI is currently at 62, indicating bullish momentum without being overbought. I'm watching the R1 pivot at 72350.67 closely; a sustained break above that could signal the next leg up, fueled by this positive regulatory news.
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