Technical analysis by NunoSid about Symbol BTC on 4/21/2025

🌍 Bitcoin Analysis: Macro Tailwinds + Tape Reading = The Perfect Bulltrap (or a Historic Breakout)Published by: Pôncio Pacífico — The Portuguese God of Derivatives⚡ Macro Context: Global Instability Is Pushing Bitcoin Up (For Now)In the last 48 hours, Bitcoin has surged nearly 3%, hitting $87,500. This happened while:The U.S. dollar weakened amid political instability (Trump challenging the Fed's authority)Gold hit a new all-time high above $3,370/ozGlobal equity markets corrected and bond yields declined🔎 Sources: Bloomberg & ReutersBitcoin is behaving like a risk-off asset. Bullish at first glance, but the tape tells a more sinister story...🕵️ On-Chain & Order Flow Analysis (last 5 days)Delta: Negative delta candles with price still rising → classic short squeeze behaviorOpen Interest: Increased during the pump, then flattened → sign of trapped FOMO longsVolume: Strong at the beginning of the move, now fading while price still climbs → exhaustion?Conclusion: we’re seeing short liquidations + late long entries = DANGER ZONE.📊 Institutional Trading Scenarios (Macro + Tape Reading)🚑 SCENARIO A: Bulltrap in Progress (most likely)Short entry: $87,850–$88,000Stop loss: $88,200Target 1: $87,100Target 2: $86,200Trigger: Weak volume + flat delta + rising OI (FOMO)🌪 SCENARIO B: Controlled Pullback, Institutional Re-entryLong entry: $86,300Stop: $85,800Target 1: $87,500Target 2: $88,800Trigger: Volume spike + positive delta + stable OI⚡ SCENARIO C: Authentic BreakoutEntry: $88,100Stop: $87,600Target: $89,800–90,000Trigger: Aggressive delta + visible liquidations + strong volume breakout💭 Final Pôncio Proclamation"Macro says buy. Tape says wait. Combine both and you realize: whoever buys now without a plan... is paying for the market makers' champagne brunch."Share this if you don’t want your gym buddy to long the top again.#BTC #Futures #TapeReading #CryptoAnalysis #MacroTrading #InstitutionalTools #VolumeProfile #OpenInterest #ShortSqueeze