Looking at the 4h candle confirms #BTC bulltrap:
✅ 1. Strong pump surpassing the old peak in a short time
• From ~115k to 123k very quickly → creates a feeling of a true breakout.
• But then a strong candle pullback and closes below the breakout zone → clear sign of a bulltrap.
✅ 2. Long candle wick at the top – increased volume – RSI reversal
• High volume, strong RSI reversal → confirms there is a strong selling force from whales.
✅ 3. Price breaks below EMA 20 on the 4h chart after the bulltrap
• EMA(20) at ~118,400 has clearly been breached.
• When a bulltrap occurs → the price usually falls quickly, piercing the EMA as it is now.
✅ 4. Fundamentals: Short squeeze + long FOMO
• When BTC breaks the 120k peak → a large amount of shorts get liquidated, forcing them to buy → pushing the price up further.
• At the same time, it pushes Long players into FOMO at the exact peak → then the price pulls back strongly → double kill.
📉 Probability area of bulltrap creating a peak:
✅ 123,214 is highly likely a false peak (bulltrap).
If the scenario is correct: the price will not surpass this peak in the coming days, even reversing the short-term trend.
—> Trading strategy: Continue to hold shorts at 118k and 110k
- TP:
114,400 (old sideways zone)
110,000 (nearest bottom)
105,000 (strong support zone)
✅ 1. Strong pump surpassing the old peak in a short time
• From ~115k to 123k very quickly → creates a feeling of a true breakout.
• But then a strong candle pullback and closes below the breakout zone → clear sign of a bulltrap.
✅ 2. Long candle wick at the top – increased volume – RSI reversal
• High volume, strong RSI reversal → confirms there is a strong selling force from whales.
✅ 3. Price breaks below EMA 20 on the 4h chart after the bulltrap
• EMA(20) at ~118,400 has clearly been breached.
• When a bulltrap occurs → the price usually falls quickly, piercing the EMA as it is now.
✅ 4. Fundamentals: Short squeeze + long FOMO
• When BTC breaks the 120k peak → a large amount of shorts get liquidated, forcing them to buy → pushing the price up further.
• At the same time, it pushes Long players into FOMO at the exact peak → then the price pulls back strongly → double kill.
📉 Probability area of bulltrap creating a peak:
✅ 123,214 is highly likely a false peak (bulltrap).
If the scenario is correct: the price will not surpass this peak in the coming days, even reversing the short-term trend.
—> Trading strategy: Continue to hold shorts at 118k and 110k
- TP:
114,400 (old sideways zone)
110,000 (nearest bottom)
105,000 (strong support zone)
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BTC
118,328
-0.43%
