$BTC This rebound looks loud and dramatic, but in reality it feels more like a performance deliberately staged by a dog-like rigging operator.

The trading volume did not expand in sync, and the incremental funds did not rush in. Instead, using the existing in-market capital, they forced the price back above 78,000, creating the illusion that after a selloff it’s about to restart a big rally—luring a large number of retail traders to chase the long side.

Although the daily chart has moved above the 7-day moving average, giving the illusion that the bulls are recovering, the key 25-day moving average is still overhead and suppressing price. The MACD remains in a dead cross, the green histogram is still there, and the trend indicators have not been repaired. In essence, it’s just a technical rebound after a decline, not the start of a new major uptrend.

In the 82,300–83,000 range above, there’s a pile of previously trapped shares. To truly break through the previous high, you need volume to back it up. With the current volume being this low, it simply can’t support a sustained rise.

The “dog dealer’s” playbook is very clear:

Use bullish candles to create a reversal atmosphere, lure retail traders into chasing longs, and take over the long positions. Once the follow-on crowd is large enough, flip the script and dump—completing a round of harvesting.

In a sideways market, the most harmful thing is this kind of bull-trap rebound.

It looks red-hot, but it doesn’t have much follow-through. Many people see a bullish (green) candle and get carried away, chasing long positions with high leverage. Once the market turns, a single pullback with a probing spike can trigger margin liquidation and force them out immediately.

Don’t be fooled by good-looking candlesticks. A “beautiful” rebound is often a trap.

Before the rally manages to stand firm at the key resistance level with increased volume, this upswing can only be treated as a bull trap. Don’t get blindly optimistic and chase the price higher.