The market bounced from $111K back above $116K, but the charts still don’t convince me this is a healthy rally. On the 15m, 4h, and 1d frames, the rebound already shows weakness — exactly the kind of setup I mentioned before in my post when I called it a bull trap.
Whales are also moving heavy: one shifted over half a billion in $BTC , and another sold $76M worth just to load up on $ETH with 10× leverage. Big players clearly aren’t all on the same side, and that’s why the short-term direction feels even more unpredictable.