BTC just bounced hard from the ~$60k-62k capitulation low (Feb 5-6 crash wiped out billions in longs/shorts). Spot/futures now hovering ~$69,900–$71,000 after +6-11% relief rally overnight.

This screams dead-cat bounce in a macro downtrend:

Rejected prior supports turned resistance (~$70k–$73k zone).

Broader structure: Breakdown from ATH, negative momentum, ETF outflows persisting.

Sentiment flipped from extreme fear → short squeeze, but overbought on short TFs.

Simple Short Idea (1H/4H – Speculative, NFA):

Entry: $70,500–$71,500 (fade current bounce into resistance).

Stop Loss: $73,700 (above recent swing high – invalidates on reclaim).

Targets: TP1 $65,000–$63,000 (prior structure), TP2 $60,000–$59,000 (psych + 200WMA zone), stretch $57k if panic resumes.

$BTC #WhaleDeRiskETH #tradeidea 👇🔥🚀

BTCUSDT

Perp

66,450.4

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