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.
when the op wrote this it was clear the price was in the $40K range and a few days later it had increased even though it was not significant and always went down and up, now it is at $42+ and there is a possibility that a correction will occur again and a drop below $40K will happen in a few days or will it increase again?
but if there will be a decline below $30K it is very unlikely to happen, because since the beginning of this year bitcoin has been at its lowest price at $35K, this indicates that bitcoin does not want to be corrected again to the bottom, but feels safe at a fairly stable price at this time, so wait momentum to improve in the future.
it seems that BNB and ETH did not see a significant increase when bitcoin was corrected, so it seems that all altcoins are also affected by what bitcoin is experiencing. as long as bitcoin is still frequently corrected, altcoins will also experience it and there is no alternative to that other than waiting for bitcoin to recover.