$BTC FAILED BREAKOUT ANATOMY OF A BULL TRAP

The technical setup on the $BTC chart is now a confirmed "Failed Breakout," also known as a bull trap. This bearish pattern occurs when price breaks a key resistance level, luring in breakout buyers, only to reverse violently and trap them in losing positions.

This is a sign of significant underlying weakness and the presence of large sellers waiting at higher prices. The technical picture for $BTC has now turned decisively bearish for the short term.