Is BTC a trap for bulls or a strong breakout?

Hello everyone, I am analyst Dong Shizhang. Yesterday, BTC broke through the flag structure of the hourly downward channel, reaching a maximum of around 108500. Last night, BTC again approached 107200, and it did not break below the downward channel line, then there was a strong breakout, surpassing the previous high, reaching 108700. So, is this round of BTC's movement a trap for bulls or a strong rise?

Currently, from a technical structure standpoint, the general direction is still bullish, but will it pull back first or rise first? We need to watch BTC's specific direction. If BTC can drop to around 107000 today, it would indicate that BTC has formed two bottoms, allowing for a long position to be established in this area. If BTC then breaks above with a bullish candle, reaching above 109000, that level could potentially be a significant trap for bulls, knocking out the bears. I suggest considering a short position here. If there is a pullback, there should also be a profit of around 2000-3000 USD.

The above views are for reference only and should not be the basis for trading decisions. A friendly reminder: profits and losses are your own responsibility!