#BTCRebound

Opinion: Is Bitcoin's rebound an opportunity or a trap?

The recent rebound of Bitcoin, which has taken it above $81,000 after defending the critical support of $73,777, has ignited enthusiasm in the crypto market. The liquidation data of $370M in short positions within 24 hours shows a strong bullish force, supported by an increase in transaction volume and technical signals such as the bullish divergence on the 4-hour chart. Furthermore, the narrative of a possible weakness of the US dollar, as noted by Goldman Sachs, could give BTC even more momentum, recalling the 2023 rally when it rose over 200% after hitting bottom.