BITCOIN IS TRYING TO BOUNCE — SHORT TRAP INCOMING? 👀
$BTC just reclaimed $63,000! After sweeping down to $62,535, the RSI(6) dropped deep into the oversold zone (around 28). Every single time we hit these levels on the daily chart, a sharp reaction followed.
Here is what I’m watching right now:
• Buyers stepping in: Sellers pushed hard for days, but the downside momentum is clearly exhausting at this floor.
• Key levels: As long as we hold above $62,500, a massive short squeeze back toward $65,000 is on the table.
• The risk: If $62.5k breaks, we likely dive to sweep liquidity around the $61,100 zone.
The market feels like a compressed spring ready to pop.
Are you going LONG from $63k, or waiting for a drop to $61k first? 👇
#BTC $APR $ACE
$BTC just reclaimed $63,000! After sweeping down to $62,535, the RSI(6) dropped deep into the oversold zone (around 28). Every single time we hit these levels on the daily chart, a sharp reaction followed.
Here is what I’m watching right now:
• Buyers stepping in: Sellers pushed hard for days, but the downside momentum is clearly exhausting at this floor.
• Key levels: As long as we hold above $62,500, a massive short squeeze back toward $65,000 is on the table.
• The risk: If $62.5k breaks, we likely dive to sweep liquidity around the $61,100 zone.
The market feels like a compressed spring ready to pop.
Are you going LONG from $63k, or waiting for a drop to $61k first? 👇
#BTC $APR $ACE