Current price $70500-$70900, entire rebound is a bull trap! Rebound does not equal reversal, it's just a bull trap! Daily long upper wick + converging triangle endpoint, previous two breakout attempts both crashed, structure bearish pressure on top Volume hollow, ETF net outflow, only technical rebound from bears trampling liquidations, no fundamental support Fear and Greed Index still extremely fearful, 40x leverage liquidations cleared will mark the top, bulls have no follow-through Conclusion: $71500-$72000 direct short! Stop loss $72500, take profit $69500-$68500! Reversal in 1-2 days ahead, one-way short-selling win rate far higher than long, chasing rallies will get trapped!
3.24BTC rebound appears strong but hidden risks abound, short-selling win rate 80%!
Current price $70500-$70900, entire rebound is a bull trap!
Rebound does not equal reversal, it's just a bull trap!
Daily long upper wick + converging triangle endpoint, previous two breakout attempts both crashed, structure bearish pressure on top
Volume hollow, ETF net outflow, only technical rebound from bears trampling liquidations, no fundamental support
Fear and Greed Index still extremely fearful, 40x leverage liquidations cleared will mark the top, bulls have no follow-through
Conclusion: $71500-$72000 direct short! Stop loss $72500, take profit $69500-$68500!
Reversal in 1-2 days ahead, one-way short-selling win rate far higher than long, chasing rallies will get trapped!