Price Action:#BTC🔥🔥🔥🔥🔥
BTC has broken out above a recent resistance zone (~$88,000), but it did so after a short position attempt failed.
The move looks sharp and is currently holding above $88,500.🔥🔥
Volume:
The breakout candle is accompanied by a visible spike in volume (~2.47B shown), which supports the legitimacy of the move.
Prior to the breakout, the volume was relatively low and steady, suggesting the move wasn’t driven by gradual accumulation.
Indicators & Strategy:
The chart shows a "Buy&Sell Strategy" (5, 34, 14, 3, 3) which may have flipped or is indicating a shift in momentum, but it’s not giving a clear "Buy" signal at this specific moment from what's shown.
No bearish divergence is immediately visible in volume or price on this timeframe, and momentum seems aligned with price.
Conclusion:
It does not look like a foolish breakout — the volume spike gives it credibility. However, this could still be a liquidity sweep or a bull trap if it fails to hold above the breakout zone for the next few candles. If BTC closes a few 30m candles above $88,500 with sustained volume, it’s likely a real breakout.🏄♀️
