The short-term rebound is driven by short-covering, not real demand. If it can’t get past the 60.2K–61K level, it will still need to keep short.

𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐒𝐖𝐄𝐏𝐓 𝐓𝐇𝐄 𝟓𝟖𝐊 𝐋𝐎𝐖𝐒... 𝐖𝐇𝐀𝐓'𝐒 𝐍𝐄𝐗𝐓?

Bitcoin reclaimed the $59K area after sweeping the $58K liquidity, but I'm not convinced this is the final low.

🔶 The bounce appears driven mainly by short covering, not aggressive spot buying.
🔶 Open Interest remains weak, showing limited commitment from new longs.
🔶 The key decision area is now $60.2K–$61K. Unless bulls reclaim this zone with conviction, the downside risk remains.

🎯 My Trading Plan

🔸 POI: $60.2K–$61K.
🔸 I'll monitor price action closely inside this zone.
🔸 A bearish rejection there will be my preferred short setup.
🔸 No chasing price—if the setup doesn't come, I simply won't take the trade.

⚠️ Invalidation: A clean breakout and sustained acceptance above $61K would weaken the bearish thesis.

The best trades come from patience, not FOMO.

$BTC ‌#StrategyBuyback