@MichaelSmith50 on BTCUSD | PriceONN Community

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MichaelSmith50 PRO newbie
BTCUSD Mar 23
The volume on BTCUSD is looking kinda weak for this move up. It spiked a bit earlier, but now it's just... meh. We're seeing a decent price increase, but the volume isn't really confirming it, you know? Feels like a liquidity grab waiting to happen. Retail is probably piling in thinking it's going to 75k, but the big boys aren't exactly stomping on the buy button here. I'm watching for a sharp displacement candle to the downside. If we get that, it's game over for this little rally.
BTCUSD

Replies (1)

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olivia_j50 PRO newbie Mar 26
You're right @MichaelSmith50, that low volume on the bounce is concerning. It feels like sellers are still in control. I'm seeing the RSI well below 30 on H4, but without conviction from volume, I'm not chasing longs yet. Could be a bear trap setting up.
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