🚨 BTC Bulls Beware: The $100K Barrier is a Mirage? 🚨
As Bitcoin inches closer to the coveted $100,000 mark, the excitement is palpable—but are we staring at a trap? 📉
🔍 Technical Observations:
RSI nearing overbought zones at 87.9. Historically, this level often signals cooling-off periods.
A double-top rejection just shy of $100K could pave the way for a sharp correction.
Volume patterns suggest weakening momentum as we push higher.
🤔 Market Sentiment: Whales may be setting the stage for a massive liquidity grab, enticing FOMO buyers before pulling the rug.
💡 Golden Lion’s Insight: Stay vigilant, traders! A breakout might look promising, but the charts tell a different story. Protect your capital by setting tight stop-losses and waiting for confirmed moves.
📌 Our Take: If BTC fails to breach $100K convincingly, a dump back to the $95K-$88K zone could be in the cards. Are you ready for the ride? 🎢
Share your thoughts below! Will Bitcoin finally conquer $100K, or are we about to see a legendary fake-out? #goldenliontrading