BTC Rips to $96K — Breakout or Bull Trap? 🤔
Bitcoin just pushed above $96K, dragging altcoins into the green. Bull run vibes? Maybe — but not so fast. Sharp moves like this are often driven by short squeezes and FOMO, not sustainable accumulation.
A true uptrend needs clean resistance breaks, retests, and structural confirmation. The recent 91K → 96K move looks more like a fast impulse than a well-built trend, with little consolidation. Altcoin strength right now is mostly a reaction to BTC’s pump, not independent momentum.
Best approach: wait and let structure form.
Two key scenarios to watch:
1️⃣ Pullback to 93K–94K with consolidation →$BTC healthier setup and lower-risk entries.
2️⃣ Hold above 96K–97K for multiple sessions → rally confirmed, stronger footing for altcoins.
Chasing here is high risk. Staying in USDT and waiting for confirmation is the smarter play.
