$BTC BOUNCES BACK ABOVE $61.8K AFTER SELLOFF 💥
This recovery came fast — $58K got erased in a single session and now we’re sitting above a level that’s been a magnet for weeks. Volume picked up during the rebound, and the market is split between bulls calling it a confirmed reversal and bears calling it a dead cat bounce.
The reclaim of $61.8K is important because it flipped a prior breakdown zone into support, at least for now. Do you see this as the start of a larger rally or just a headfake before more downside?
Not financial advice. Always manage your risk.
#BTC #Bitcoin #Recovery #Bounce #Crypto
💎
This recovery came fast — $58K got erased in a single session and now we’re sitting above a level that’s been a magnet for weeks. Volume picked up during the rebound, and the market is split between bulls calling it a confirmed reversal and bears calling it a dead cat bounce.
The reclaim of $61.8K is important because it flipped a prior breakdown zone into support, at least for now. Do you see this as the start of a larger rally or just a headfake before more downside?
Not financial advice. Always manage your risk.
#BTC #Bitcoin #Recovery #Bounce #Crypto
💎