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$BTC Current price is 69,671 USDT. Do you think this is still a trap to lure more buyers, or is it already preparing to fall back?
$BTC My personal view leans towards: a rise first to shake out some traders before a pullback.
Reasons:
- This rally seems more like an emotional surge, and the follow-through hasn't caught up yet.
- The continuation after a high is usually weak; chasing long positions at this point can lead to awkward entries.
- A sharp drop should quickly make new lows; if it doesn't fall fast, it's not a strong waterfall.
Suggested entry price: 70,228 USDT
Estimated target price: 66,048 USDT
Stop-loss reference: 71,901 USDT
But the biggest risk at this level is a quick rebound immediately after a sharp drop.
Which side are you on? Bullish / Bearish / Wait and see?