๐ฑ Bitcoin has risen to 90 thousand over the last 3 hours, giving you a (bull trap) and positions worth nearly 110 million dollars were liquidated.
$BTC
On the daily frame: a negative break of the triangle, and the rise we saw is a failed retest. If it does not hold above 86 thousand, the greater likelihood is a return to 80 thousand, and then we start talking about levels of 70 thousand.
On the other hand, if you look at Bitcoin from a bullish perspective, the current movement is still in line with the historical path of the RSI after entering oversold areas (below 30), where it is often followed by a strong rebound in the medium term.
