BTC: A real rebound or a liquidity trap? ⚡
Bitcoin
$BTC is currently moving around $66,700 after rebounding from the $66,200 area, but this rise is still under real testing. Despite the appearance of buying momentum, the approach of the RSI indicator towards overbought conditions and the presence of strong resistances make the scene still undecided. The market is now in a very critical moment, either it confirms its strength and continues to rise, or this rebound turns into just another liquidity trap.
Smart entry is not based on emotion, but on certainty. Safe buying can only be considered if the level of $67,000 is firmly breached, as this opens the way towards $67,800 and then $68,500. Meanwhile, speculative entry can be made from the $66,200 area, provided that a clear rebound signal appears. Conversely, capital must always be protected by placing a stop loss below $65,900.
As for the negative scenario, it is breaking the $66,200 level, which could push the price quickly towards $65,500, hence caution is necessary in this area.
In summary: Do not enter just because the price is moving… enter when it proves it is worth it.
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