So is this the Bull trap or really or the start of bear? What does your personal judgment and analysis says about this?
You're supposed to tell if it's a bear trap, right? We are here after one month. Yet, we cannot tell if it was a bear trap. We were moving sideways, and the price range was between 80K and 86K for a long time. We have broken that price range and are now between 92K and 97 97K. If something bad does not happen, like Trump announcing something stupid and the World War situation does not escalate, we will likely move forward.
But as you know, the situation of the wars is not good at this moment. Several countries are already engaged in wars which affect the global market. If global market get affected, the crypto market will get affected as well unless some countries like Russia and China decide to use crypto to pay for weapons.
Overall, the market is still on a standstill waiting to be pushed in one direction or the other.
What we can do is only to keep the accumulation process steady and waiting for the events to unfold eventually.