BTC returns to the doorstep of $62k, is it a real reversal or a bull trap?


Money is back: ETFs ended their consecutive outflows with a net inflow of $223 million in a single day—this is genuine buying pressure.
Whales are supporting the bottom: Companies like Metaplanet are still quietly buying heavily, accumulating over 40k coins, giving the market a shot in the arm.
But don't get too excited—the price is currently hitting the $62,200 resistance level.
JPMorgan is also fanning the flames, hinting that a mysterious big buyer might be about to dump.
Chasing highs now offers extremely poor risk/reward.
If you're a short-term trader, watch $62,200—only if it breaks through with high volume and holds can you look for further upside.
If it can't even hold the $60,100 floor, this rally is basically dead—get out quickly.
Long-term holders, ignore the volatility and accumulate in batches. #btc
BTC1.89%
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