$BTC It sounds like you're describing a bull trap—when the price rallies just enough to lure in buyers before sharply reversing. It’s frustrating, especially if you’ve experienced it before.

In the current context with BTC:

The rally to ~$64K on ETF news may have been a sentiment spike, not a fundamental shift.

The macro pressure from the Fed and stagflation fears could fuel a “rising to drop” scenario.

The tight wedge formation and prior high volatility around resistance add to the risk of a fake breakout before a deeper correction.

If you’re feeling cautious, you’re not alone—many traders are defensive until after the FOMC confirms its tone.

Would you like help mapping out possible BTC support/resistance levels or strategies to avoid bull traps?