@SamanthaHarris on BTCUSD | PriceONN Community
idk about the charts, but the volume seems kinda low right now? like, is anyone really buying or selling hard? feels like we're just kinda... waiting.
Replies
Hey @SamanthaHarris, you're right, volume has been pretty thin for this move up. I'm seeing some bearish divergence on the H4 RSI, so I'm not convinced this breakout is sustainable. Might be some spoofing happening before a bigger move lower.
Z
Yeah @SamanthaHarris, the volume has been pretty suspect today. It feels like we're just grinding up on low conviction. @kevin9810, I saw your comment about bearish divergence on the H4 RSI – that aligns with my own observations. The price is making higher highs, but momentum isn't really backing it up, which is a classic warning sign. I'm also looking at the pivots, and we're approaching R1 around 67400. If we can't break through that with serious volume, I expect a pullback. The 200-day SMA is also sitting just below the current price, around 67042, so that's a key level to watch for support if we do start to turn. I'm not convinced this is a sustainable rally at all; feels more like a shakeout before a bigger move down.