Bitcoin: Warning "Bull Trap" – Will the drop to 35,000 USD become a reality?
The cryptocurrency market is facing a highly risky scenario as technical signals indicate that we have only reached halfway through a large-scale "Bull Trap." Observing the chart structure, the recent rebound may only be a psychological cushion to attract cash flow before a real sell-off occurs. If this pattern continues to operate according to the script, Bitcoin could very well record a significant drop to the 35,000 USD range as soon as this February.
That's how it is, transient excitement often obscures warning signs about the distinctly weakening purchasing power even as prices attempt to maintain high levels. Instead of entering a cycle of sustainable growth, what we are witnessing resembles a "distribution" phase – where large investors are exiting while the crowd still hopes for new highs. Cole himself is quite concerned about this scenario. In fact, the "Bear" market may not have actually started yet, and the upcoming drop will be the harshest cleansing for those who are unprepared.
For investors, this is a sensitive period that requires maximum alertness. Protecting capital is more important than trying to seek profits in a weakening price structure. Pay close attention to key support levels; if the scenario of a drop to 35,000 USD occurs, it will be a true test of resilience for the entire market this year.
More importantly, take responsibility for your investment decisions.
