BTC Price Analysis: After Reclaiming $90K, What's the Next Step?
Bitcoin (BTC) has finally reclaimed the $90,000 level. Many people are becoming bullish, but I am viewing this move with a bit of skepticism.
๐ง My Opinion (My Current View):
โ ๏ธ Liquidity Trap? I believe this bounce is actually a "Liquidity Hunt." Big players are likely trying to trap traders in long positions.
This move feels more like a fake-out than a real recovery. The market structure is not fully bullish yet.
๐ What Could Happen Next? (Future Scenarios)
My Expectation: I still anticipate another downside move in the market. The current setup does not invalidate that.
Possible Squeeze: Another scenario is that BTC might first push to $100,000 ('classic squeeze'), and only then provide a deep correction in the $70,000 zone.
In Short: I am still not completely at ease. This $90K move could be a trap.
๐ก Advice (Disclaimer):
This is just my personal analysis. Always remember:
Do Your Own Research (DYOR)!
Trade according to your Trading Strategy.
What do you think? Do you feel we are heading towards $100K, or is a correction coming? Let me know in the comments! ๐
#Bitcoin #BTC #CryptoAnalysis #Trading #MarketUpdate
