Don't get too exicted this might just be a trap and nothing else, entering the market now would be stupidity but exiting is also not a good thing to do, I'm just waiting for few more days to verify if this is a actual growth or just another pump. I have already set stop loss below resistance level so i don't care what happens now
It might be a trap for newbies but for well experienced traders they actually getting some profit from the $6200. So yeah we should still be very cautious for filling up orders and by now hopefully our bags are already full before the real bull run. Yet we should break those resistance first.
I don't think that this is a bull trap because we have a ETF news that driving this price. But from $6800 to current price, its been 2 weeks since that run so I'm sure that someone is taking the profits. But if you look at the volumes per 24 hours, it looks solid so for me this is not a bull trap, but then again just be cautious specially newbie traders. Don't be suckered, used your common sense in investing.