The last move by $BTC was a textbook trap.
The rebound up to $65.500 made it seem like the trend was changing, but the bearish structure was never invalidated.
After losing $63.700 again, buyers got trapped and the price moved straight to seek liquidity at $62.600.
Not every breakout marks a trend change. Sometimes it only generates the necessary liquidity for the main trend to continue. đ
$BTC
The rebound up to $65.500 made it seem like the trend was changing, but the bearish structure was never invalidated.
After losing $63.700 again, buyers got trapped and the price moved straight to seek liquidity at $62.600.
Not every breakout marks a trend change. Sometimes it only generates the necessary liquidity for the main trend to continue. đ
$BTC