$BTC What is a trader? You can be a trader with just one dollar, shouting randomly every day, how much profit have you made? There is no information at all, just a mouth.

According to ChainCatcher, traders warned that Bitcoin may be repeating the pattern at the end of the bull market in 2021. Cryptocurrency trader Cheds said that Bitcoin's sell-off after rising to a record high last week is not good for investors.

Cheds believes Bitcoin is showing a "failed upside" pattern, considered a bull trap, signaling market weakness and a trend reversal. This occurs when prices break through resistance and then fall back, failing to hold above the resistance level. Furthermore, a red candlestick pattern, the "outside daily candlestick," was formed on August 14th.