#TraderAlert $BTC * Is the bulltrap confirming?
*** Bitcoin recently rose to around $74,000 but faced strong rejection and returned to the $70,000 region, increasing concerns among investors.
The movement raises questions about whether the market is starting a recovery or if it was just a "bull trap," when the price temporarily rises before further declines.
Technical indicators suggest caution in the short term.
The chart shows a bearish flag pattern, divergence in the RSI, and weakening in the MACD and stochastic.
Resistance between $74,000 and $75,000 remains strong, and if the decline continues, the next supports may appear between $65,000, $62,000, and even $58,000.
*For me, it would be a beautiful opportunity.