$BTC keeps falling for the same trap.
4 Fake Rallies in 1 Month.
This doesn’t look random to me anymore. Bitcoin keeps reacting to Hormuz headlines, then fully retraces once the narrative breaks or stalls.
☑️ April 8–13: Ceasefire optimism faded, BTC dropped from $72.7K to $70.6K
☑️ April 17: “Strait open” claim reversed, BTC fell $78.3K to $74.3K
☑️ April 21–22: Ceasefire extended, no talks followed, BTC slipped to $77.5K
☑️ April 27: Proposal rumors pumped BTC to $79K, now back near $77.6K
My take is simple. This is headline driven trading, not strong conviction buying, and the market keeps punishing late entries.
NFA.