$BTC $BTC $BTC
Bitcoin made a false breakout at $66,500, which seems like a trap. Right now, the risk of buying more is higher than the potential reward. There isn’t much room for the price to rise, and it’s easy to get stuck here. I believe the market makers will keep the price around $65,000 for a day to lure more retail traders in.
The market is still in a bullish phase, with a lot of money coming in, similar to what happened in the past with the A-shares market. I expect the market makers will do one final false pump in the next couple of days before bringing the price down. Personally, I think the chances of a clear and strong breakout from $66,500 to $68,000 are low.