#BTCRebound Strong price movement on weak volume? This could be a classic liquidity grab, with large players liquidating shorts before flipping to trap over-eager longs.
No major news from the Fed or ETF front supports this move, hinting that it might not be a genuine rally.
If you’re trading, stay sharp:
📈 Longs: Already in profit? Consider taking partial gains and watch for signs of reversal.
📉 Shorts: If your leverage is under control, you're likely safe. A pullback to the ~$83K area is a realistic play.
💎 Long-term holders: Stay the course. BTC still has the potential to reach $120K+, but this likely isn't the breakout moment.