Post by Augustine Chiagozie (@pabloexchange)

😁 I see media outlets actively pushing a highly optimistic narrative today: a massive "magnet zone" of liquidity has formed overhead, and a short squeeze around $67,600 could easily propel the price toward $75,000. To sweeten the deal, they throw in historical data, claiming July is traditionally a "green" month for Bitcoin with an average return of +7.6%.

Frankly speaking, I don't see this happening without a proper flush down below first. It feels like retail is simply being lured into premature longs. It's highly suspicious how this narrative conveniently pops up today, just as the market is sitting at a critical inflection point.

What are your thoughts?

👍 — A rally to $75K is indeed next
🔥 — It's a trap, we are heading down to $50K next

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