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“BTC’s Final Bull Trap—The Free Fall Will Be Unimaginable!”

Although BTC rebounded after falling yesterday, the daily chart shows no change in trend. First, look at the CCI: after breaking below the zero line, it never looked back. Believe that this is the start of the downtrend. The daily MA120 has also continued to break lower, making the daily bull-bear divide very clear.

On the Ichimoku chart, we’re waiting for the lagging span to break down completely and confirm the confluence.

It’s clear that unless the daily candle closes above 74800, this is the start of a downtrend. Give up the wishful thinking—the only thing to believe in now is a crash!

BTC is now pulling off its final bull trap. As the market’s long-short ratio keeps climbing, the trend could kick in at any moment. So stay cautious about going long here, and take the long button off the table for now.

BTC’s short-term resistance is at 742-744, corresponding to 2090-2100 for ETH. Don’t go all in at these levels, because this bull trap could get even nastier: price may take out the liquidity above before falling. If a 15-minute candle body holds above the previous swing high before the entry level, exit temporarily, then we can discuss short-entry levels.

The bearish view on storage remains unchanged on the weekly chart, but for the best entry opportunity, wait until late afternoon or evening. I’ll take it easy and skip updating this for now; crypto is the focus today.

In summary, BTC could start a downtrend this week, followed by consecutive large bearish daily candles. Be cautious about going long and trying to catch the bottom. I’m not guessing any bottom levels for now—just waiting for price action to play out, and I won’t be placing any long limit orders on the left side of the chart!

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