#BTCRebound BTC has risen from 84k to 87k overnight on a Monday morning during the Asian session, which is technically low in trading, however, the RSI shows overbought conditions, whale trackers show large buy and sell orders for BTC and ETH within minutes of each other, low volume but big increases? Apparently, this seems to be a liquidity harvest, large players are liquidating short positions, then going to liquidate long positions, as the rise doesn't seem organic without news from the Fed, ETF updates, etc.

So, if you are trading, be cautious

📈 if you are in a long position and enjoying the wave, look for a good exit, preferably in parts

📉 if you are in a short position but are not overexposed, you should be fine, aim for around 83k

💎 if you hold for the long term, then HODL, after all BTC can realistically reach 120k+ but certainly not now