🔥 $BTC Just Held $86,500 – Bull Trap or Reversal?
Bitcoin bounced hard from the $86,500 support level after today's NFP data showed a cooling labor market. Rate cut odds just increased.
But here's the catch – volume is still weak. This could be a liquidity grab before the next leg down.
My take:
Wait for a daily close above $89,200 before calling a reversal. Until then, I'm watching:
· Support: $86,500
· Resistance: $89,200
What's your move? Bullish or bearish?
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BTC
66,857.2
+0.43%
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