@cking996 - BTCUSD | PriceONN Topluluk
C
Watching this price action around 74.5k, it feels a bit like a lull before something happens, but I’m wary. We’re consolidating near the R1 pivot, and the RSI is sitting neutrally at 57. Could this be a bull trap setting up? A sudden spike higher to lure in buyers, only to reverse sharply as liquidity thins out overnight. I've seen this pattern before where price gets pushed up on low volume just before a significant pullback. It’s tempting to go long targeting R2, but the risk of getting caught in a fakeout is too high for me right now. I'll be looking for a clear break and sustained move above 75k with solid volume, or a rejection and drop back towards the P pivot, before committing to a larger position.