{future}(BTCUSDT)
#btc [WARNING BULLTRAP – BTC JUST “LED” INVESTORS?]
The price of BTC just made a strong rebound breaking resistance, causing many traders to rush to FOMO Long. But what happened right after?
• BTC reversed and dropped sharply, wiping out impatient Long orders.
• Volume is not in agreement, buying power is gradually weakening while selling pressure is lurking.
• RSI and MACD indicators do not confirm the upward trend, showing a clear divergence signal.
This is a typical Bulltrap: a false breakout to attract Long capital, followed by a strong reversal to “shake off” the market.
Advice: Stay alert before breakouts, especially when there's no clear confirmation from volume and price behavior!