Bear trap, meaning a trap for the bulls! The Bitcoin at 2200 points has been fully harvested, and the bears are brewing the second wave!

June 4th, Thursday, early morning, BTC/ETH shows signs of movement.

On Thursday, within the day, Bitcoin slightly rebounded in the morning to around 65,800 and faced resistance, then bears increased volume and pushed down, briefly retesting around 61,300 to halt the decline. The intraday rebound failed to break above 65,000, overall showing weakness. The "mistress" (a term for a supporting indicator) showed some resistance early on, Bitcoin did not follow the decline initially, but later followed Bitcoin down to around 1,710 to find support, currently rebounding to around 1,780 with sideways consolidation. Today, Bitcoin has aggressively gained 2,200 points of space!

The current chart shows a daily continuous downtrend, although today’s candle has a long lower shadow, it did not turn positive, and the volume is less than during the previous bear market bottom phase, indicating the bears’ volume has not ended and this is not a reversal point. Although indicators are oversold, there may be a rebound to test resistance, but this rebound is not a trend reversal; after the rebound, further decline can still be expected. The 4-hour chart is in a bottom consolidation, with a small positive candle recovering but not breaking previous lows, with clear top and bottom structures, showing a pattern of two bearish candles turning bullish but facing resistance, indicating the bulls are weakening. Although there is short-term range-bound consolidation, caution is still needed against further declines and retests.

Trading suggestions:
Bitcoin in the 64,000-64,500 range for shorting, with intraday targets of 61,000-61,500
Mistress (support indicator) in the 1,790-1,810 range for shorting, with an intraday target of 1,670
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