Is the ALPINE rebound a "buy trap"? Be wary of these signs!
Alpine's recent rebound, while seemingly impressive, is actually quite spurious. After reaching 2.57, it was immediately slammed back down. Subsequent rallies have failed to even reach previous highs, becoming increasingly weaker each time. This trend of "gradually lower highs" clearly shows major players trapping investors at high levels. More importantly, the heavy volume during the decline, coupled with the shrinking volume during the rebound, has worn down market confidence, making further gains almost impossible.
The price is currently stuck sideways around 2.18. While seemingly stable, it harbors underlying risks. The upward pressure around 2.57 is like a massive rock, bearing down. If it falls below the critical 2.1 level, further declines are likely. Don't be fooled by this "sideways" trend at this time; it's more like a "halftime break" on the decline, and the major players may be preparing a major move. $BTC $ETH #中国加密新规 #中国投资者涌向印尼