Bitcoin’s 9% bounce may be a trap. ⚠️
Between Feb 12–15, $BTC climbed ~9% and pulled in nearly $2B in new long bets as open interest surged and funding flipped strongly positive.
But the rally is still sitting inside a bearish structure — and momentum is fading.
Now we’re seeing:
🔻 Hidden bearish divergence on the 12H chart
📈 90% surge in NUPL (fresh unrealized profits = higher sell risk)
💰 Leverage building aggressively
Last time profit levels looked like this, BTC dropped ~14% in a day.
📊 Key levels (via CoinStats):
• $65K–$66K = primary support
• $62.8K–$63.8K = next support zone
• $60K = major psychological floor
• $70K = key resistance
• $72K–$73.5K = upper resistance zone
If $65K fails, downside risk accelerates.
If $70K–$73.5K is reclaimed, bulls regain momentum.
This “recovery” may have strengthened sellers not removed them. 🚨
BTCFellBelow$69,000Again
