#BTC Let’s talk about a possible bull trap coming up ⬇️
- The overall market structure is a symmetrical triangle after a major dump.
- Since this pattern formed post-crash, it usually breaks downward once complete—trend continuation.
- BUT, the next drop probably won’t play out how most expect. Instead of a straight breakdown, expect a breakout first, trapping late longs, then a real dump.
- Post-1011, sentiment is still weak, most are bearish/shorting, so the market needs to shake things up and lure in new longs.
- Playbook: Price chops upward to around 113K, then breaks out to 116K to trigger stops and bait longs. Once that’s done, the real dump begins. Next target: 99K. Expect a small bounce, then more downside. On the weekly timeframe, looking for 60K within 2 months. Low-leverage longs will get wiped.
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