Have you noticed that the loudest voices cheering this Bitcoin rebound are the same ones who got wrecked on the last fakeout?
That is the real pain here. Traders see $BTC bounce, they FOMO in late, and then they have no idea when to exit because they never had a plan. They just did not want to miss it.
I think this rebound is being sold as a new uptrend when it looks more like a liquidity grab. Greed is already back at 69 and Fed hike odds are rising. That is not the backdrop for a clean breakout. The market loves to punish people who buy green after a dump.
If you actually want to use this move, wait for $BTC to reclaim and hold with volume instead of buying the first candle. Scale in slowly. Keep dry powder in $USDT until the range actually breaks and stays broken. Rotating into names like $AAVE just because Bitcoin bounced is how most people turn a bounce into another drawdown.
Where do you think this rebound actually goes from here?
#BitcoinReboundsTo #FedHikeOddsRiseTo89
That is the real pain here. Traders see $BTC bounce, they FOMO in late, and then they have no idea when to exit because they never had a plan. They just did not want to miss it.
I think this rebound is being sold as a new uptrend when it looks more like a liquidity grab. Greed is already back at 69 and Fed hike odds are rising. That is not the backdrop for a clean breakout. The market loves to punish people who buy green after a dump.
If you actually want to use this move, wait for $BTC to reclaim and hold with volume instead of buying the first candle. Scale in slowly. Keep dry powder in $USDT until the range actually breaks and stays broken. Rotating into names like $AAVE just because Bitcoin bounced is how most people turn a bounce into another drawdown.
Where do you think this rebound actually goes from here?
#BitcoinReboundsTo #FedHikeOddsRiseTo89
