BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap? What are we looking at here? To me it looks like the market keeps going down.
tbh i don't see a bull trap on this current situation and since last week that market is gradually gaining strength, because obviously most crypto are being influenced again by bitcoin wherein, because of some adoption in other country for example in Russia and Ukraine and some positive news from big investors that slowly stepping in in bitcoin.
If you see it going down. Then i suggest make speculation using higher time frame, such as 4h or daily. Because surely what you see are the fluctuation in the lower time frame only..