I strongly feel that there is gonna be a bullrun this year, but for now for the day traders this would be a bulltrap if they don't be careful...
I'm thinking also this present bull can be a trap with the way we have sudden drop in price. Today's drop I think is the second time since this month run. I saw price drop from $8200 , down to $7,220, this is a very huge margin. I'm still wondering the next move now.
of course when you see the price fall from 8200$ to 7000$ at this moment, then it is a bull trap, we are so easy to be get FUDs from whales and too easy to follow FOMO, this is can be a bad news for investors buy too late, but this is a good chance for us to buy at a cheap price, i still have a believe that the dump will soon end and the a uptrend will come very soon.