Is the BTC rebound a trap? 100,000 is the bottom!
The bull has just left, and the bear is knocking on the door! BTC's recent surge has many calling for a quick return of the bull market, but seasoned traders are watching the volume bars. Although there is significant capital supporting the market, the pressure at 112,000 is too strong, so be careful chasing more at this time to avoid getting trapped!
A rebound does not equal a reversal; currently, it is just an oversold rebound, with 115,000 being a good position for shorting;
We also need to see if 108,600 can hold today; if it holds, we can still bounce, but if it doesn't, we could see a direct drop;
Lastly, if it doesn't drop to 100,000, the correction is not considered finished.
Those looking to short can place orders around 115,200; those trying to catch the bottom shouldn't panic, at least wait until the 100,000 mark is broken before making any moves.
Market conditions change constantly; don’t be too tense. If you're confused and want to avoid unnecessary detours, feel free to reach out to me for first-hand information and top-tier strategies to easily see results!
