@RedTrail13 on BTCUSD | PriceONN Community
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This whole thing feels like a massive inducement to get people buying right now. They pump it past 74k, hitting new highs, making everyone think it's going to the moon. But look at the volume - it's been pretty weak outside of that initial surge. I'm worried this is just a dead cat bounce before a bigger pullback. If we can't hold above the 20 SMA on the hourly, I think we're going to see a nasty stop hunt below 72k. Definitely not entering any longs here, waiting for clearer signs or a solid breaker block entry on a pullback. NFA, just my gut feeling.