CAUTION! ⚠️ Is This Bounce a Bull Trap? 🐂
Hello, my people! 👋
After the brutal drop, we have seen an impressive bounce in $BTC hope returns to the market and the color green lights up the screens. But as analysts, our job is to look beneath the surface, and what we see is a massive warning signal. 🚨
The Engine is Off ⛽️: The Great Divergence
Here is the clearest signal that reveals the weakness of this movement. While the price has risen strongly, the OBV (On-Balance Volume), the indicator that measures "smart" money flow, has remained stubbornly flat. This is a massive bearish divergence. It means that the rise has no fuel; it is a "hollow" movement, and the big players are not participating in the buying. #smartmoney
Banging Against the Steel Wall 🧱
The price has risen exactly to the "crime scene": the support zone we lost, which now acts as a formidable resistance (the zone of $107,300 - $107,800). It is the most logical place for the bounce to exhaust and for sellers to reappear strongly.
The Sentiment Confirms It 🤔
The Fear and Greed index remains in "Fear" (28). Despite the rise, people are not euphoric; they are taking the opportunity to sell. A very strong signal that supports our thesis. This hidden weakness in #BTC is reflected across the market, with $ETH and $BNB struggling at similar resistances.
Conclusion:
The confluence is clear: a bounce without volume hitting a massive resistance, while the general sentiment is one of selling. Everything points to a classic "bull trap". The most likely scenario is a rejection in this area for a possible new drop.
What do you see? A real recovery or the perfect trap? I read you! 👇
