@KeenTrail2 on BTCUSD | PriceONN Community
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Watching the BTCUSD volume on the New York session. It picked up a bit around the 74000 mark, but not with conviction. We're seeing some choppy price action around the 20-period SMA, and volume isn't really confirming a clear direction. This suggests we might be in for more consolidation or a potential false breakout before the next significant move. Need to see sustained volume on a breakout above 75000 or a solid rejection at the R1 pivot.
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Hey @KeenTrail2, you're right about the volume not confirming much on BTCUSD right now. It's kind of stuck between the 50 and 200 SMAs, which is always a tricky spot. The RSI is sitting around 51, not giving us much to go on either. I'm seeing a lot of the "smart money" indicators staying flat, which usually means sideways or a very subtle push. I'm personally watching the 75498 level, which is the upper Bollinger band, and the S1 pivot around 74943. If we can't decisively break through the 20 SMA at 74697, I suspect we'll just grind lower towards that 74442 level where the 200 SMA is. It feels like a bit of a stalemate until some significant news or flow comes in to push it one way or another.