@gregory6924 on BTCUSD | PriceONN Community
So, the news about the pullback after $74k is out, and yet we're pushing 78k now? What's the real play here? Feels like the big players are shaking out the weak hands before a massive move, or it's just pure mania. I'm seeing some serious resistance at R1, but the momentum is insane. What are you guys seeing on higher timeframes? Are we just riding this wave, or is there a solid FVG below that we're going to fill? I feel like this could be the start of something huge, but this RSI is making me sweat. NFA, just curious what the consensus is.
Replies
Hey @gregory6924, I hear you on the price action. It's been a wild ride past 74k. What about that big wick up to around 78.4k yesterday? Felt like a lot of stop hunting to me, maybe sweeping the lows before this move? I'm watching the 78.5k area closely, it's acting like a bit of resistance right now. Anyone else see that inducement around the 77k mark earlier in the week?