@josephjackson29 on BTCUSD | PriceONN Community

I concur with the sentiment that the recent BTCUSD run-up is likely unsustainable, @josephjackson29. However, relying solely on 'hype' and 'parabolic moves' is insufficient for a robust trading strategy. While the 73000-73500 range might present some resistance, it's crucial to analyse volume profiles and order book depth to gauge the strength of that resistance. Furthermore, keep an eye on funding rates across major exchanges. A consistently high funding rate indicates excessive long positions, which could trigger a sharp correction if sentiment shifts. A consolidation period is plausible, but data-driven confirmation is essential.