$ETH $BTC Dog Trap Appears! What should we do next?
Attention all traders! Bitcoin has surged from 83,000 to 95,000, with a bullish weekly candlestick, but this kind of violent surge is not normal!
The market maker has pressed the shorts down, but there are many trapped positions around 96,000. Jumping in now would just make you cannon fodder. Look at the last three times it surged; every time it reached 95,500, it plunged back down. This is not a breakout; it's clearly a trap to lure in buyers!
Don't be fooled by the surface bullish candlestick; the daily MACD is almost hitting the ceiling, and the long positions in the futures market are close to liquidation.
Those shouting "breakthrough the previous high" might have forgotten the brothers who got trapped at 94,000 in March? Now the big players are just waiting for retail investors to pick up at 95,500 before they take everything.
Ethereum is even scarier! It’s still struggling in a downward channel at the weekly level. That bullish candlestick yesterday looks impressive, but it’s just the market makers pushing the price up to sell.
Look at the 1,850 position; every time it gets there, it plunges back down, as precise as a clock alarm. Those chasing Ethereum at high prices are likely to get stuck halfway up.
Tonight, focus on these two positions: Bitcoin at 95,500 and Ethereum at 1,830. There's a high probability of a false breakout!
Remember, the market is like a pressure cooker, it could explode at any moment!
Are you trapped? When to buy the dip? As I always say, if you're confused and don't know what to do, click on my profile and comment. I need followers, and you need insights.
