Hi Mr M, awesome analysis. IMO- BOJ decision is the last bit of market moving data for this year, in a few hours we will know, 25bps cut high prob.Its been hyped,so definate MMover

😭 $BTC Prints a Big Red Candle — Real Breakdown or Just Another Trap? 😭

That big red 4H candle has everyone calling breakdown, but when you step back and look at the full picture, this move feels more like a trap than real damage.

Before the drop, BTC printed a strong green CPI candle. On the surface it looked bullish, but technically it was just a reaction candle. Price moved fast, but couldn’t hold higher levels. No real follow-through, no acceptance. That usually comes before trouble.

After CPI, confidence kicked in. Late longs started entering, leverage slowly rebuilt, and price stayed heavy. Open interest was rising, but price wasn’t going anywhere. That setup rarely ends clean.

The red candle that followed wasn’t panic selling. It was leverage getting flushed. Open interest dropped into the move, long/short ratios reset, and futures pricing turned defensive. That tells me positions were forced out, not that smart money suddenly flipped bearish.

The ETF and CME action backs this up. BTC moved up after CPI while CME was closed, which created an upside gap at the US open. When CME and ETFs opened, price failed to hold that gap and sold off in the first hour. That’s selling into expectation, not real demand.

👉 My take is simple: BTC trapped both sides. First it trapped late longs with the CPI reaction candle, then it scared everyone with a heavy red one. Direction still isn’t decided.

CPI cooling helped sentiment, but traders and smart money are staying more cautious around the upcoming BOJ decision, treating it as the real short-term risk event rather than fully committing based only on CPI.

For now, this still looks temporary, not a breakdown. Leverage is cleaner, fear is higher, and price is waiting for clarity.

Market wants patience here, not rush.

If this research helped you, definitely like and follow Meow — no hype, just real data and logic.

Keep thinking.

$JELLYJELLY $PIPPIN #USNonFarmPayrollReport #CPIWatch #WriteToEarnUpgrade

{future}(JELLYJELLYUSDT)