🚨 BTCUSDT: Everyone is calling for the bottom, but I still won’t rush to go Long!
$BTC has jumped more than 5% from the 57,000 USD zone, and many traders are starting to believe that the uptrend has returned.
In my opinion, that conclusion is still too early.
Right now, the 62,500–63,000 USD area is very strong resistance. If BTC can’t close candles steadily above this zone, then the current upward move could very well just be a Bull Trap before the market drops further.
What I’m observing
📈 1D timeframe: Selling pressure is weaker; the RSI has recovered from overbought levels. This is a positive sign, but it’s not enough to confirm a reversal.
📈 4H timeframe: Price is retesting key EMA lines. Only when it breaks above this area with good liquidity will the buyers truly take control.
📈 1H timeframe: A short-term bullish structure has formed, but after a strong pump, it’s completely normal for a pullback to shake out Long positions.
Trading plan
✅ Only consider Long if price reacts well around 61,500–62,000 USD.
🛑 Stop Loss: below 60,800 USD.
🎯 TP1: 63,800–64,000 USD.
🎯 TP2: 65,300 USD if buying pressure is strong enough.
For now, I still prioritize patience and waiting for confirmation instead of FOMO on green candles.
💬 If we had to choose a scenario right now, do you think it’s more likely a Bull Trap or a real reversal? I’d really like to know everyone’s viewpoint.
$BTC has jumped more than 5% from the 57,000 USD zone, and many traders are starting to believe that the uptrend has returned.
In my opinion, that conclusion is still too early.
Right now, the 62,500–63,000 USD area is very strong resistance. If BTC can’t close candles steadily above this zone, then the current upward move could very well just be a Bull Trap before the market drops further.
What I’m observing
📈 1D timeframe: Selling pressure is weaker; the RSI has recovered from overbought levels. This is a positive sign, but it’s not enough to confirm a reversal.
📈 4H timeframe: Price is retesting key EMA lines. Only when it breaks above this area with good liquidity will the buyers truly take control.
📈 1H timeframe: A short-term bullish structure has formed, but after a strong pump, it’s completely normal for a pullback to shake out Long positions.
Trading plan
✅ Only consider Long if price reacts well around 61,500–62,000 USD.
🛑 Stop Loss: below 60,800 USD.
🎯 TP1: 63,800–64,000 USD.
🎯 TP2: 65,300 USD if buying pressure is strong enough.
For now, I still prioritize patience and waiting for confirmation instead of FOMO on green candles.
💬 If we had to choose a scenario right now, do you think it’s more likely a Bull Trap or a real reversal? I’d really like to know everyone’s viewpoint.