@jessicadavis41 on BTCUSD | PriceONN Community

This sideways chop around 76k is really making me nervous. It feels like a setup for a big trap, either way. We've got the 50 SMA acting as a tough resistance zone just above current prices, and the RSI is stuck in the middle. If we see a quick spike up towards, say, 77000 where the 20 SMA is, a lot of people might jump in thinking it's a breakout. But that could easily be an inducement before a sharp move down, especially with that news about the crypto executive facing charges. Or, if we break down below the S1 pivot at 75809, it might look like a bear flag but then could quickly reverse and take out all the shorts. Gotta be super careful here and wait for clear displacement.