@liambaker31 on BTCUSD | PriceONN Community

Hi @liambaker31, good question about the volume and inducement. It's classic low-liquidity Sydney session behavior. 📉 Price might be pushing up, but look at the S2 pivot at 71025 and S1 at 71146 – those held earlier. If we're seeing a push higher now, it's likely just teasing the R1 at 71411 before a potential reversal. The fact that the overall trend is bearish on the D1 chart, and RSI is still weak, suggests any 'push' is just to grab sell-side liquidity before another leg down. The FTX news might be a slight positive for the sector overall, but it's not driving immediate price action here. I'd be very cautious about chasing any move up right now. Wait for clearer signs or a confirmed break of resistance with solid volume. For now, I'm leaning towards a liquidity grab before a drop towards the 70k psychological level. 🤔