Bitcoin / TetherUS
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Short Squeeze?

2087
So, today's price action was amazing. Here are my take aways:

1- Price fell 7.37% ($2.300) below the trading range. It seems a bit much considering the tiny upthrust. = Bearish
2- Price fell below preliminary support and made a new low = Bearish
3- Monthly support was breached = Bearish
4- Volume is dropping while price increase (divergence) = Bearish
5- RSI divergence = Bearish

This doesn't look like a strong bounce to me. Not buying in.
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Bull Trap After Bear Trap!

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