Its a trap. People think that the market will easily change the trend and the transition of bear market to a bull run will easily make. I think every pump is equivalent to trap since people excites when they see a green in market. However, in my opinion, this is usual in a bearish market due to the low profits they get from the market. So, I expect a hype.
You are correct.
I don't necessarily think of today as a "trap", but there's no fundamental market change that can replace the bear with a bull.
I think that this upwards correction was long overdue though.