🚀 $BTC : The "Short Squeeze" No One Expected? 📉➡️📈
Bitcoin just slapped the bears in the face! While many were talking about a free fall after hitting $84,450, the giant woke up and has already recovered to the $87,000 zone.
But what are the charts and "on-chain" data screaming at us now? Let's get to the facts:
1️⃣ The "Cat's Jump" in the RSI
Look at the RSI (6) in the pictures. It went from an extreme oversold level (18.25) to 66.25. This is not just a rise; it's a massive influx of buying strength in just 2 hours! The momentum has changed.
2️⃣ Institutions in the Game (ETFs)
Yesterday (12/17), we had a net inflow of $457 million into Bitcoin Spot ETFs in the US. It's the largest inflow in over a month! Institutions are not afraid; they are buying your "fear".
3️⃣ The Bollinger Bands Don't Lie
The price broke through the central average (MA: 85,974) and is now targeting the top of the band at $87,510. If we close above that, the next target is the previous high of $89,477.
⚠️ THE ALERT: Not everything is rosy. Keep an eye on interest rates. If the macro tightens, we could see a boring sideways movement before the next explosion.
And you? Do you think $90k will come before Christmas, or will we test support again? Comment down below! 👇
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