Seeing Bitcoin rise again above the $74K and it feels strange honestly. Everyone warns about signs of a bull trap, but I wonder if we're actually heading into a short squeeze. It seems that the bearish positions are so full that the market itself is pushing against them.

The strange thing is that this closely resembles what happened in January — when BTC went from $98K to $60K in two weeks. Many traders still have that fresh in their memory and are now issuing warnings about the same trap signs. The technical levels look interesting, but the liquidity situation in derivatives is risky.

What also stands out to me: the macro situation is quite uncertain. Geopolitical tensions, rising oil prices, gold is also climbing. These kinds of things can suddenly turn everything around. For Bitcoin to truly recover, it needs to return to that $98K zone and break through that previous top.

On the sidelines: XRP is also moving sharply upward with strong volumes. Rakuten is integrating it into their app for 44 million users, which is quite bullish. But even there, you don't see any real confirmation of a sustainable move.

The coming days will be crucial. Either we see the signs of a bull trap manifesting and it drops again, or the shorts get massively liquidated and we pump further. What do you think — bull trap or breakout?