The Longer $BTC Resists Breakdown, the Weaker the Bull Trap Theory Gets
Every time Bitcoin drops, recovers quickly, and keeps resisting a deeper sell-off instead of printing long cascading red candles, the probability of a true bull trap decreases even more.
This is already the second weekly reaction.
The first bearish weekly candle was simply not aggressive enough to confirm a structural reversal, especially when compared to previous bearish consolidations where a single weekly candle erase...