$BTC holding $74,000 - But is this a Bounce or a Trap?


Here is what happened in last 24 hours:

$BTC: $74,200 (+0.7%) - Holding above $73,000 support
$ETH: $2,077 (+1.3%) - Trying to hold $2,000
$SOL: $84.95 (+2.1%) - Strongest among majors
$XRP: $1.07 (+1.6%) - Whales bought $72M in 4 days!

But don't get too excited...

BAD NEWS:
- BTC ETF outflows for 4th day in a row - $1.14 BILLION out in 4 days
- Fear & Greed Index: 29 - FEAR
- BTC still below $75,000 - Bears are still in control
- Today MSCI decision on $MSTR is coming - Big volatility expected

MY PLAN FOR TODAY:

I will NOT FOMO buy here.

LONG only if:
Entry: $73,500 - $74,000
SL: $72,700
TP: $75,000 / $76,400

$BTC SHORT only if:
Entry: $75,200 - $75,600
SL: $76,500
TP: $74,000 / $73,000

No trade = Also a trade. Patience is profit.

What is your bias today?

Comment: BULLISH or BEARISH 👇

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