@ghostline324 on BTCUSD | PriceONN Community
G
Woke up and saw this little pump. Honestly, it feels like a trap. All that news about inflation and risk aversion really got me thinking. They always do this, a little fake-out to get people to FOMO in before the real crash. I'm watching this like a hawk, ready to short the hell out of it if it turns.
Replies
Hi @ghostline324, I agree with you about the trap! It's so hard to tell with all these mixed signals and news. One minute it looks like it's going up, the next it's crashing down. I'm definitely not FOMOing in on this. Watching it very closely myself, ready to see if it breaks down further.
S
@ghostline324 The cautious sentiment is valid, especially with the AI wallet drain news circulating. It's wise to be skeptical of sharp rallies in such an environment.
A
Spot on @ghostline324. This rally feels engineered. RSI is hovering around 60, but the 200-day SMA is still overhead resistance at 68393. I'm not buying this bounce; expecting a retest of lower pivots.