đ„ đš $BTC just bounced hard off the lows⊠but is this the real reversal or just another trap?
Looking at the 4H chart right now , weâre sitting at $60.8k, up 2.7% in the last push. Green candles finally showing some life, price back above the short-term MAs and Supertrend. That +3.5 PNL on the long side is looking juicy đ
But hereâs the thing thatâs making me nervous⊠STOCHRSI is screaming at 95.9. Overbought as hell. Weâve seen this movie before, strong bounce, then sudden rejection at $61.3k.
đžMy take: Short-term bullish, but Iâm not going all-in yet. If we smash and hold above $61,322, next stop is that $63k. If we get rejected here? Expect a retest of $59.9k or even $58.6k.
Whoâs loading up on this dip and whoâs taking profit? Drop your bias below đ
#ShareYourThoughtOnBTC
Looking at the 4H chart right now , weâre sitting at $60.8k, up 2.7% in the last push. Green candles finally showing some life, price back above the short-term MAs and Supertrend. That +3.5 PNL on the long side is looking juicy đ
But hereâs the thing thatâs making me nervous⊠STOCHRSI is screaming at 95.9. Overbought as hell. Weâve seen this movie before, strong bounce, then sudden rejection at $61.3k.
đžMy take: Short-term bullish, but Iâm not going all-in yet. If we smash and hold above $61,322, next stop is that $63k. If we get rejected here? Expect a retest of $59.9k or even $58.6k.
Whoâs loading up on this dip and whoâs taking profit? Drop your bias below đ
#ShareYourThoughtOnBTC