@sbouchard734 on BTCUSD | PriceONN Community

I'm watching volume very closely today, especially with that news about Nakamoto Holdings selling some BTC. It's concerning because usually when there's major news like that, you expect to see a spike in volume confirming the move, whether it's a sell-off or a strong reaction. Right now, the volume on BTCUSD seems pretty muted, especially considering the price is hovering around the 200 SMA. This lack of conviction from the buyers is what worries me. If we don't see strong volume coming in to push us past R1 and solidify that move, I suspect this could be a bull trap. The price might be tricking people into thinking it's going up, but without the volume backing it up, it's likely to roll over. We need to see sustained buying pressure to confirm any bullish sentiment, otherwise, this consolidation is just setting up for a bigger drop.