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via Decrypt · By Decrypt Editorial
Why the Bitcoin Rally Seems More Like a Bull Trap
BTC
BTC/USDT
$64,614.14
-0.02%
$64,614.14
-0.02%
(24s)24h Volume
$17,263,069,051.07
24h H/L
$64,718.87 / $63,267.34
Change: $1,451.53 (2.29%)
Long/Short
59.7%
Long: 59.7%Short: 40.3%
Funding Rate
+0.0064%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(04:22 PM UTC)
1 min read
In brief
- Bitcoin's brief rally to $66,921 failed at the golden zone and price has since fallen back to $63,422—a pattern that looks less like a recovery and more like a textbook bull trap.
- Every major indicator on the daily chart is bearish.
- Myriad traders are betting on $55K before $84K.
Crypto markets opened the day red—and then got redder.
South Korea's KOSPI index fell more than 8% at the open…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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