It's not a certainty, but this image may indicate a bull trap scenario in cryptocurrencies, influenced by the movement in the American markets.
Let's analyze:
• The American indices (SPX500, NASDAQ, Dow Jones, etc.) are strongly falling:
• SPX500: -2.76%
• NASDAQ (NQ1!): -2.51%
• Dow Jones (YM1!): -2.34%
• Meanwhile, Bitcoin $BTC is rising +3.4% and Ethereum $ETH +2.48%.
Why could this be a bull trap?
1. Crypto is rising against the general market trend.
2. The American indices in strong decline may indicate risk aversion, which usually also drags down BTC and ETH.
3. If cryptocurrencies broke resistances in this rise, many traders may have entered LONG confidently — and now may be surprised by a sudden reversal.
In other words, this rise in BTC and ETH may just be testing a liquidity zone, deceiving buyers before a dump.
Exercise caution
