Bitcoin Liquidity Trap Warning Says Thin Upside Could Come Before $60,000 Sweep
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Analyst Merlijn Trader warns Bitcoin may be trapped in a liquidity setup with thin upside, indicating current rallies could fail before a liquidity sweep around $60,000. This structure raises the risk of short-term retracements or stop-hunting as market participants and liquidity providers hunt for orders below recent highs. Implication: near-term upside is constrained and volatility/false-breakout risk is elevated, making breakout trades riskier until a confirmed sweep validates continuation.
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