The explosive rally to $4,063 has completely cleared all previous intraday resistance levels ($4,035 and $4,052), heavily trapping early trend-line short sellers. While the higher-timeframe daily macro trend was bearish entering the session, the current 1-hour and 4-hour charts have violently shifted into overbought, parabolic momentum. Price action right now dictates whether this is a structural breakout into a new trading range or a massive month-end liquidity trap.
Trade Smart Guys
@HumanAI
Trade Smart Guys
@HumanAI
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