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BullTrapOuBreakout

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Mathewkrypto
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🚨 #BullTrapOuBreakout — Real rise or disguised trap? The #Bitcoin surpassed $112,000, accumulating a valuation of +6.4% in the last 7 days and about +18% in the last month. But the doubt among traders remains: šŸ“ˆ Is it the beginning of a new bull cycle or šŸ“‰ just another bull trap, about to give back the gains? šŸ” Highlighted technical data: — Historical resistance in the range of $114K to $116K — RSI at 72: overbought zone? — Trading volume increased +22% in the last 24h — Whale movements suggest cautious distribution Some analysts point to targets at $120K, while others talk about a correction down to $105K before another attempt at a rise. šŸ’¬ What’s your view? True breakout or bull trap? Leave your analysis in the comments! {spot}(BTCUSDT) #BTC #Binance $BTC
🚨 #BullTrapOuBreakout — Real rise or disguised trap?

The #Bitcoin surpassed $112,000, accumulating a valuation of +6.4% in the last 7 days and about +18% in the last month.
But the doubt among traders remains:

šŸ“ˆ Is it the beginning of a new bull cycle
or
šŸ“‰ just another bull trap, about to give back the gains?

šŸ” Highlighted technical data:
— Historical resistance in the range of $114K to $116K
— RSI at 72: overbought zone?
— Trading volume increased +22% in the last 24h
— Whale movements suggest cautious distribution

Some analysts point to targets at $120K, while others talk about a correction down to $105K before another attempt at a rise.

šŸ’¬ What’s your view?
True breakout or bull trap?
Leave your analysis in the comments!

#BTC #Binance $BTC
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