Well, anything is an option right now and you may not be far from the truth. I would not call it a bull trap yet or confirm the statement fully until we switch back and break the upper downtrend line we broke out from recently and dive back into it and with that, I will gladly turn back my bear hats on, but for now, I have a feelings the market is looking for a strong support for accumulation before we go back testing the upper resistances again which I believe by then, it would be easy peasy.
It really is testing the higher resistance and now that bitcoin is back at $10,657.80 USD there is a chance that panic selling will erupt again, But wish it didn't go beyond that because if it went again to the $9000 mark it can be bloody with all in the Crypto market, But if we can return to the $11,000 again it will continue up to $20,000 value.