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Gate ELSA Futures Trading Challenge is Now Live!
Share a 200,000 USDT Prize Pool
💰 Get 20 USDT for your first futures trade
🏆 Trade to share 160,000 USDT！
join now: https://www.gate.com/campaigns/3911
Announcement link: https://www.gate.com/announcements/article/49432
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#BTCReboundTo96K | Breakout or Bull Trap? 🤔
Bitcoin has bounced aggressively and is now pressing into the $96,000 zone, reigniting bullish momentum across the market. But the real question remains:
Is this the start of a true breakout — or just a short-term liquidity move?
📈 Bullish Case ✅ Strong reclaim of key psychological levels
✅ Market sentiment shifting back to risk-on
✅ Holding above prior resistance opens the door to $100K
✅ Altcoins typically follow when BTC shows strength
⚠️ Cautious Case ❗ Sharp rallies often invite pullbacks
❗ Liquidity grabs + FOMO can fade quickly
❗ Waiting for confirmation or a retest may offer better risk-reward
🤔 Chase or Wait? • Momentum traders: Ride strength with tight risk management
• Swing / spot buyers: Wait for pullback or consolidation near support
• Long-term holders: Zoom out — short-term noise matters less
📊 Key Levels to Watch • Support: Previous resistance zone
• Resistance: $96K → $100K psychological barrier
• Volume & follow-through will decide the next move
📌 Conclusion:
The move is strong — but confirmation matters. Patience here can be a position too.