$BTC Bitcoin Hits $79K – Bull Trap Over
Bitcoin has reached the $79K level, but the recent move appears to be a classic bull trap rather than a true breakout. Each time price touches resistance, strong selling pressure follows, showing that the market is not ready for a sustained upward trend.
The current structure reflects a pattern of lower highs and lower lows, indicating that Bitcoin is still in a broader downtrend. This suggests the market is entering a cycle bottom phase, where volatility remains high and price movements stay uncertain.
Traders should expect continued fluctuations, possible retests of lower support zones, and cautious momentum. Patience is key during this stage, as the best opportunities usually come after the market stabilizes.
In conclusion, the bull trap phase seems over, and the real market structure is now forming. Stay alert, manage risk wisely, and avoid chasing short-term pumps.