$BTC 1D cycle suspected of staging a textbook-level bear trap! 🚨
The price violently rebounded 73% after the ankle cut, now firmly above the trailing stop line, and significantly broke through the trend initiation point. Although MACD is below the zero line, its nearly 400% surge over the past ten days forms a strong bullish divergence with the price, indicating a fatal crack in the bearish trend!
Key current point: Can the price stabilize and break through the 0.2671 resistance? If successful, this "false breakout" will be declared a failure, and a trend reversal is imminent. Otherwise, it may still retest the 0.1690 support. The battle zone between bulls and bears has been defined!
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$BTC 1D cycle suspected of staging a textbook-level bear trap! 🚨
The price violently rebounded 73% after the ankle cut, now firmly above the trailing stop line, and significantly broke through the trend initiation point. Although MACD is below the zero line, its nearly 400% surge over the past ten days forms a strong bullish divergence with the price, indicating a fatal crack in the bearish trend!
Key current point: Can the price stabilize and break through the 0.2671 resistance? If successful, this "false breakout" will be declared a failure, and a trend reversal is imminent. Otherwise, it may still retest the 0.1690 support. The battle zone between bulls and bears has been defined!