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📉 Many traders are looking at the W candle of $BTC from a negative perspective and are starting to open strong Short positions.
But from the current viewpoint, this could just be a “bear trap” created by market makers to scare the market before pushing the price higher. 🔥
Bitcoin's price structure has not been completely broken yet, and buying pressure is still holding quite well at key support levels.
I remain bullish on $BTC in the short term and believe that BTC could soon return to the $92,000 zone to sweep out all the Short positions accumulating in the market. 🚀
When that happens:
✅ Short squeeze will trigger a strong rally
✅ Capital will flow back into Altcoins
✅ Many Altcoins could explode even more than BTC
✅ Altcoin Season may officially begin
Currently, the market is in a very critical psychological phase. Strong fluctuations often occur before the biggest rallies.
Watch BTC’s price reaction very closely, because once Bitcoin breaks out again, the entire market could enter a very strong FOMO phase. 👀 $BTC
{spot}(BTCUSDT)