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Bitcoin, this rebound is a bull trap. If 60k doesn't hold, it will waterfall!
This "deep V" looks scary, but it's actually the last struggle of the bulls! Don't be fooled by a fake rebound into buying. The technicals are rotten.👇
Solid proof of bearishness:
1️⃣ Volume-price divergence: The rebound is all on shrinking volume, while the decline is all on high-volume bearish candles, showing that big players are using the rebound to exit. No one is actually buying!
2️⃣ Moving average suppression: MA30 is pressing firmly overhead. Every time it touches 61800, it straight-line dives. Classic bearish arrangement.
3️⃣ Capital flight: Net inflow of major players is -$166 million! Smart money is dumping, and retail is still dreaming of bottom-fishing?
4️⃣ MACD death cross: Below zero line, the gap widens again, with green bars just emerging. This is a signal of accelerating decline!
Key levels:
Strong resistance: 61000-61500 (if it doesn't break this level, all talk is empty)
Life-or-death line: 58000 (once it breaks below with volume, directly look at 54000!)
Target: 56000 (theoretical decline after neckline breakout)
Trading advice:
If you hold long positions, quickly reduce positions/stop loss during this rebound! If you want to go long, I suggest tying your fingers up.
Aggressive ones can directly place sell orders in batches at 60k-60500, with stop loss at 61500. At this level, bet one to win three!
Remember: In a bear market, every rebound is meant to fall deeper. Don't catch a falling knife!⚠️