The latest BTC Rebound update highlights a significant surge in Bitcoin's price, rising from $84,000 to $87,000 during the early Monday Asian session. This movement is characterized by low trading activity, suggesting a potential bull trap scenario. Analysts have observed massive buy and sell orders from large holders (whales) and note that the Relative Strength Index (RSI) indicates overbought conditions. These factors point towards a possible liquidity harvesting strategy, where large players trigger short liquidations before reversing positions to trap long traders.
Additionally, Crypto Rover, a prominent crypto analyst, shared a chart on May 1, 2025, signaling a potential Bitcoin price rebound. The chart suggests that strong support levels are holding, with trading volumes stabilizing, indicating a possible upward momentum for BTC in the near term. Technical indicators such as the RSI and MACD also support this bullish outlook. Blockchain News
For a visual representation of the current market sentiment, here's an image from Binance Square illustrating the BTC Bull Trap Alert.
BTC Bull Trap Alert
This image underscores the caution advised by analysts regarding the recent price movements and the potential risks involved.
It's crucial for traders and investors to stay informed and exercise due diligence when navigating such volatile market conditions.