I’D LOOK AT VOLUME BEFORE GETTING TOO EXCITED ABOUT $BTC .
Bitcoin just pushed above $80K and the daily candle is up more than 6%.
But the thing that caught my attention this morning is the volume.
It’s barely there on the hourly.
So price is flying, but I’m not really seeing a lot of fresh money coming in. It feels more like old positions are pushing this move higher.
And honestly, that makes me nervous.
I’m not saying $BTC has to dump right now. The parabola still hasn’t really shown signs of running out of steam.
I just don’t love buying into a move that’s going up on almost no volume.
I’d rather wait for a breakout with real volume behind it, or a proper pullback where buyers actually show up.
Because when the volume is missing, the move can look amazing right up until t
Bitcoin just pushed above $80K and the daily candle is up more than 6%.
But the thing that caught my attention this morning is the volume.
It’s barely there on the hourly.
So price is flying, but I’m not really seeing a lot of fresh money coming in. It feels more like old positions are pushing this move higher.
And honestly, that makes me nervous.
I’m not saying $BTC has to dump right now. The parabola still hasn’t really shown signs of running out of steam.
I just don’t love buying into a move that’s going up on almost no volume.
I’d rather wait for a breakout with real volume behind it, or a proper pullback where buyers actually show up.
Because when the volume is missing, the move can look amazing right up until t