#BTCRebound
🚨 BTC Price Spike: Bull Trap Warning**
*Key Observations:*
- **Sudden Pump**: Bitcoin surged from $84K → $87K during **low-liquidity Asian hours** (typical for exaggerated moves).
- **Divergence Alert**: Daily RSI now flashing **overbought** (≥70), signaling weakening momentum.
- **Whale Whiplash**: Large BTC/ETH orders hit exchanges in rapid succession—**contradictory buy/sell walls** suggest market-making games.
*Why This Feels Like a Trap:*
🔹 **Low Volume Rally**: Strong price action without conviction (volume ↓) often precedes reversals.
🔹 **Liquidity Hunting**: Whales likely triggered stop-losses on shorts, then may reverse to liquidate over-leveraged longs.
🔹 **No Catalyst**: Absence of macro/FED news or ETF updates undermines the move’s legitimacy.
*Trading Implications:*
- **Short-term**: Price could retrace toward $84K–$85K to fill the gap.
- **Risk Management**: Tight stop-losses advised if longing; consider profit-taking on pumps.
- **Wait for Confirmation**: Let volume and RSI reset before chasing momentum.
**Stay nimble—this market rewards patience, not FOMO.**