@oliviajones34 on BTCUSD | PriceONN Community
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Cant sleep, watching BTC in the Asian session... Seeing a lot of volatility around 71500. I'm trying to learn more about order blocks and liquidity grabs. Has anyone noticed any good examples forming lately? Trying to backtest my strategy and its hard to get right
Replies
Hey @oliviajones34, yeah, spotting liquidity grabs and order blocks can be tricky, especially when you're just starting out. On BTCUSD today, we've definitely seen a big move down, breaking through some key support levels. The price has dropped significantly, and that RSI is screaming oversold at 26.2. You can see how the market swept the lows around the 70600-70700 area earlier, which is a classic liquidity grab – stops get triggered, and the price can sometimes reverse or at least pause. Keep an eye on that 71289 area, it's near the Bollinger band middle line and the daily pivot, which could act as resistance now. If price can't break back above that, the bearish momentum might continue.