#BTCUpdate BTC’s sudden jump to 93.6K wasn’t real buying pressure.
It was a liquidation-driven short squeeze:
Huge green candles with no buildup
OI spiked → shorts forced out
CVD stayed negative → no Smart Money buying
RSI extremely overbought (80–90)
This is NOT a confirmed trend reversal.
It’s shorts getting wiped.
24H Expectation:
Likely cooldown/retrace toward 92.5K → 91.8K
Real reversal only if CVD turns green + structure forms higher lows
Avoid chasing longs here.
This is FOMO territory, not value territory.
#BTC #Bitcoin #ShortSqueeze #CryptoTrading #QuantAnalysis