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🎀Mughal Queen 👑
Writing
$BTC bounced from around $80,000 to $83,000 with strong momentum.
But honestly, I have zero interest in chasing this rebound.
Why? Because there’s still a wall of trapped positions overhead. As price approaches resistance, many traders will be looking to exit at breakeven rather than open new positions.
If BTC fails to reclaim and hold above $84,000, this rebound could easily turn into another bull trap.#DailyOrbit
