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The Bitcoin 4-hour chart “bear trap” was followed by a bullish counterattack! Funds returning + indicator resonance—pullbacks are a buying opportunity!
Yesterday’s price action looked intense on the surface, but it actually hid a deeper play. First, it pulled back to 74868, perfectly demonstrating the classic “break first, then build” distribution/accumulation shakeout method—the price temporarily fell below the previous day’s low and then quickly reclaimed it, forming a textbook “sell-side trap.” This type of move is common in bull-market structures, with the goal of flushing out uncertain positions.
Price confirmed a “double bottom” around 75000: the right bottom is higher than the left bottom. This is a strong positive sign that the bottom is being raised, indicating that bearish momentum has already weakened and is exhausted.
Go long directly around 75500. The first target to watch is 77500—if it breaks through, look for 79500.
$BTC $ETH