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.
We can't say for sure whether the current decline was the start of a bear market entry or this is just a trap, but if we look at bitcoin's current movement, there seems to be little pressure for bitcoin to climb higher and bitcoin has tried to bounce back into the resistance area. is at the level of $ 40k but bitcoin has not been able to get to that area so there is a possibility that the price of bitcoin will go down again.