@sophie_b18 on BTCUSD | PriceONN Community

Hi @sophie_b18, I see your point about the weakness, but I'm not so sure about 68000 being a strong resistance level right now. The price is currently hovering around the daily pivot at 67125. I'd be more inclined to watch the S1 pivot at 66836. If that breaks, then a deeper correction might be on the cards.

Honestly @sophie_b18, I'm struggling to see this as 'weakness.' It looks more like the usual sideways chop that brokers love to feed on. They're probably just waiting to trigger stop losses on both sides before any real move happens. The 68000 level you mentioned? Please. That's just bait for retail. I've seen this movie a thousand times. They let it drift down, people pile in short, then BOOM, it snaps back up. Or they let it creep up to entice longs, then drop it like a stone. It's all theatre. I'd be more concerned about the spread widening dramatically if any actual volatility picked up, which it won't during this quiet session. This is just noise designed to make us trade more than we should.

Hey @sophie_b18, I get where you're coming from with the weakness observation, but honestly, looking at the hourly and even the 4-hour charts, it's not screaming bearish to me. The price action around the daily pivot at 67125 is showing some resilience. We're seeing higher lows forming on the H4, and the RSI is hovering in that neutral territory around 53, not really oversold. I'm more inclined to think this is just consolidation before another push higher, especially with that news about Bitcoin possibly breaking $68,500. It's more about liquidity grabs than a true trend reversal right now. Keep an eye on that R1 pivot at 68303; if that breaks with volume, we're probably heading higher.