#BTCRebound

BULL TRAP 🚨

BTC jumped from 84k to 87k overnight on early Monday during the Asian session, which is technically low in trading, however, the RSI indicates oversold conditions, whale trackers show huge buy and sell orders for BTC and ETH within minutes, low volume but high pumps? It seems like a liquidity harvest, big players are liquidating shorts and then going to liquidate longs because the pump does not look organic without news from the Fed, ETF updates, etc..

So if you are trading, be careful

📈 if you are in a Long and riding the wave, look for a good exit, ideally in parts

📉 if you are in a Short but not overexposed, you should be fine, targeting around 83k

💎 if you are HODLing long-term, then HODL, after all, BTC could realistically reach 120k+, but definitely not now.