@jbrown519 on BTCUSD | PriceONN Community
J
This current price action around 66900 feels a bit too quiet. The volume has been notably low, and we're seeing BTCUSD hover near the mid-Bollinger band. I'm cautious about a potential bear trap forming here; a sudden spike down could liquidate longs before any real upward momentum builds. We need to see stronger volume and a decisive break above R1 at 66965 to feel confident.
Replies
@jbrown519 You're right about the quietness, it's almost too quiet. I've been watching the 20 SMA at 67215 as a key resistance. If we can't push through that with some conviction soon, I agree a bear trap is definitely on the cards. The low volume makes it easy for smart money to manipulate price here. Need to be patient.