$BTC

Alert from a bullish trap 🚨**

The price of Bitcoin has risen from $84,000 to $87,000 during the early Asian trading session on Monday, a period typically characterized by lower trading activity. Despite this rise, the Relative Strength Index indicates a state of overbought conditions, and whale tracking platforms have spotted massive buy and sell orders for both Bitcoin and Ethereum within minutes. Low trading volume but strong price movement? This could be a clear example of **liquidity harvesting** - where major players are liquidating their short positions before converting them into targeted long positions.

There are no major news from the Federal Reserve or updates on ETFs to justify this move, suggesting that it may not be a natural rally.

**If you are trading, stay alert:**

- **📈 Long positions**: If you are already riding the wave, consider taking profits in increments and watch for a good exit.

- **📉 Short positions**: If you are not heavily in debt, you are probably fine. Returning to around $83,000 seems a reasonable target.

- **💎 Bitcoin holders**: If you are looking for a long-term investment, hold on to it. Bitcoin could potentially reach over $120,000, but **this is not the right time**