BTC Alert: Is this the $70K Bull Trap before the $60K Flush? 🚩
Don't let this minor relief rally fool you. While $BTC is pushing toward $68,500, the technicals are screaming "Fakeout."
The Scenario:
The Pump: We likely see a wick toward $70,500–$71,500 to liquidate the late shorts and trigger retail FOMO.
The Dump: Look at the RSI—it’s hitting overbought territory on the 4H chart. Once the "liquidity grab" is finished, a rejection from the $70k resistance could trigger a waterfall back to the $63,000 support zone.
The Alpha: Institutions are de-risking due to the new 10% global tariffs. They aren't HODLing; they are selling the rips. I’m sitting in 40% USDT, waiting for the real bottom.
Are you buying this "recovery" or setting your low-ball orders at $62k? 👇