👉 $BTC After the Sharp Trap — More Risk Left or Just a Cooldown?
Now market is full on risk mode, sentiment down, people confidence almost 0 and that’s exactly what market wants. After the sharp spike and fast rejection, the only real question is still there any more trap left or this is just a normal cooldown.
This is a short term view only. I’m excluding today’s CPI drop or any macro news, this is purely based on structure and liquidity position, hope this helps.
On the 1h chart, the move toward 90.3k was not acceptance, it was a clean liquidity grab. Price moved fast, took upside stops and instantly snapped back into the range. That candle tells distribution, not breakout. If this was real strength, BTC would have held above 88k instead of falling back so quick.
Derivatives data matches this. Top trader long/short by positions is trending down while long/short by accounts was still high earlier. This usually happens when bigger size reduce exposure and late traders stay hopeful. Open interest expanded into the pump and then slowly started bleeding after rejection, not a full flush but damage already done.
Taker volume shows aggressive buys into resistance and then sell pressure after failure. That’s exhaustion, not real demand. Basis also stayed weak and unstable, futures traders still not fully confident.
Liquidation heatmap shows heavy liquidity above 88.5k–90k and also below 85k. Price sitting near 86.5k means we are in a messy zone where fake moves happen more than trends.
✅ So yes, risk is still there but it’s different now. Upside is capped unless BTC reclaims and holds 88k clean. Downside risk remains if 85k breaks, because liquidity is waiting below. For now this looks more like a cooldown and range, not instant continuation.
Not a place to chase longs or shorts blindly. Market already did the damage, now patience matters.
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