Shaking Bulls โ The Trap Before the Collapse? ๐๐ฉ
Bitcoin has delivered one of the cleanest liquidity sweeps in months, shaking up both seasoned traders and newcomers alike. After surging past 116k and facing a sharp rejection, the market looks primed to penalize late bulls who jumped in after the breakout. This technical breakdown reveals how market psychology and institutional behavior create traps and opportunities.
What I'm Watching ๐
1.Rejection Zone: 115,900โ120,100 (previous supply area)
2.First Target: 104,800 (mid-range support)
3.Second Target: 86,000
4.Final Target: 75,000 zone (potential full structure retest)
The Logic ๐ก
This chart pattern reflects a textbook bull trap following a strong rally. The sudden spike lured in breakout buyers while institutions strategically unloaded positions. Expect a multi-leg distribution as price seeks deeper demand zones.
What Could Invalidate It? โ ๏ธ
If BTC surges back above 120,000 with robust volume and closes a 4H candle over this level, conditions change dramaticallyโthis short setup becomes obsolete.
My Action Plan ๐
1.Maintain short bias below 116k
2.Scale into pullbacks
3.Target mid-range and lower demand zones incrementally
Note: This is not financial adviceโsimply a reflection of the current technical structure.
Community Insight ๐ฌ
Is this disruptive move just a bull trap before deeper correction, or will Bitcoin surprise everyone with a fresh breakout? Share your thoughts below! ๐.
