The sharks are quietly building a trap at this exact level while retail expects a massive breakout.
Everyone is getting excited about that clean recovery from 62,466.9, thinking the bears are completely done.
But look at how the price action is stalling out right now at 62,809.7 in 1000508565.jpg. After that fast push up to 62,850, the volume completely dried up and the candles went totally flat. No one is buying the top of this move.
If we don't get an immediate surge past resistance, this thing is rolling over hard for a quick drop back down to 62,650. I am staying out of this chop until a clear move shows up.