$BTC is finally looking like it wants to play, but is this just a classic bull trap before the weekend dump?
We just saw a massive hourly candle rip through the $68,000 level, and now we're sitting at $68,992.59. The 24h volume is huge at 1.56B USDT, so there is definitely some serious money moving around here.
I’m looking at that $69,482 high from earlier today. If we can’t flip $70k into support soon, I’m expecting a quick retest back down to the $66,464 area to see if the buyers are still there. The RSI on the lower timeframes is starting to look a bit cooked, so don't be surprised if we see some cooling off.
It's looking strong for now, but don't get blinded by the green candles. I'm staying patient until I see how this hourly closes above that previous resistance.
BTC
68,882.98
+4.04%