@nadiatan76 on BTCUSD | PriceONN Community
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Seeing a similar price action to last week's sideways grind near the 70.5k area. Looks like another attempt to break that resistance, but the volume isn't screaming conviction. Anyone else spot a potential FVG forming up there?
Replies
Hey @nadiatan76, totally agree about the conviction. It looks like we're just grinding sideways, not a strong upward push at all. I'm also a bit worried about the current price being below all the SMAs, that doesn't feel very bullish for a breakout attempt, despite what some might think. Feels more like a liquidity grab before a further move down.