🚀 BTC & ETH: Bull Trap Confirmed?
This chart shows a classic pattern on both Bitcoin (BTC) and Ethereum (ETH) charts, signaling a potentially massive move!
• The Setup: Both coins were trading in tight channels (yellow lines).
• The Trap: Both saw a sharp drop below support (the "bear trap" or "false breakdown" indicated by the green pointer). This liquidated short-sellers.
• The Breakout: The sharp reversal back into the range is now driving both assets to break through the upper resistance.
Key Takeaway: The synchronized "bear trap" followed by a strong resistance breakout is a highly bullish technical signal for the wider crypto market!
What are the current price targets for BTC and ETH following this pattern?
That's a powerful observation! Here is an even shorter, punchier version for social media:
🚨 TECHNICAL BREAKOUT: BTC & ETH
The charts confirm a classic "Bear Trap" on both Bitcoin and Ethereum.
1. Consolidation: Range-bound movement between the yellow lines.
2. The Trap: Price crashes below support (green pointer), trapping short-sellers.
3. The Move: Violent reversal and now breaking major upper resistance.
This synchronized move is a HUGE bullish signal for the entire crypto market. Watch for confirmation above resistance! 🚀
Based on this analysis, would you like me to find the widely discussed price targets analysts are setting for BTC and ETH?
