@cking996 on BTCUSD | PriceONN Community
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This BTCUSD action reminds me a bit of early 2024, before the halving hype really kicked in. We saw a similar consolidation around the 200 SMA, with brief dips below and then rapid recoveries. The key then was watching for sustained breaks of resistance levels *after* periods of sideways movement. Could be a similar accumulation phase before the next leg up, or a bull trap. Need to be cautious.