🚨 $BTC Reclaims $90K – Dead‑Cat Bounce?

Yesterday’s sharp rally saw Bitcoin crack back above the $90,000 mark—but here’s why I’m calling it a classic dead‑cat bounce rather than a true breakout:

1. Weak Volume on Rally 📉

Today’s surge (140 K BTC) barely topped the 5‑day average (127 K) and stayed well below the 10‑day average (158 K).

Low conviction means there aren’t enough fresh buyers to sustain a real uptrend.

2. Overbought Signals Everywhere ⚠️

RSI(4 hr & 1 hr) > 80 → extreme overbought readings on multiple timeframes.

Price is 2.5 σ above the 20 SMA Bollinger upper band—statistically rare and ripe for mean reversion.

3. Liquidity Hunt Completed 🐱‍👤

Algos likely triggered stops in the $90.5K–91.2K zone, sucking up bids in a short‑squeeze.

Once those resting orders are gone, there’s nothing left to push price higher.

4. Macro Headwinds Are Looming 🌪

Fed minutes coming this week (May 15) could drive DXY strength and send risk assets lower.

US payrolls (May 2) and Core PCE (May 30) still on deck—plenty of reasons for volatility.

⚙️ Trade Plan: Short the Bounce

Entry: $91,000–92,200 (after 1 hr candle closes back inside upper BB)

Stop‑Loss: $93,000 - 94000(invalidation above liquidity cluster)

TP 1: $87,600 (mid‑band mean)

TP 2: $85,400 (lower BB support)

Leverage: ≤ 3×; scale out 50% at TP 1 and trail to breakeven

🔍 Key Takeaway: Reclaiming $90K looked impressive, but without volume and with overbought extremes, it’s a textbook dead‑cat bounce. Watch for the snap‑back toward the mid‑band—ideal shorting opportunity!

#BTCRebound $BTC