$BTC BITCOIN WARNING: Is This Another Bull Trap Before a Major Drop?
Bitcoin may be setting up a dangerous market trap. Recent price action shows BTC forming a falling triangle structure, a pattern often linked with downside breakouts after liquidity sweeps.
Twice now, Bitcoin has pushed above resistance - only to quickly reverse, creating what many traders call classic bull traps. These moves lure late buyers into the market before price sharply pulls back.
With BTC currently hovering around $71K, the next week could be pivotal. If the structure plays out as expected, the first downside target sits near $60K, where major liquidity and support levels could be tested.
Historically, these patterns often appear before major volatility events, especially when sentiment flips between optimism and fear.
Is this just a shakeout… or the start of a deeper correction toward $52K?
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