Price movement patterns that break through a key resistance level and then sharply reverse direction are indeed one of the most classic forms of market traps (bull trap or liquidity sweep) in Technical Analysis (TA). Breakout Bait (FOMO Trigger): The 83k level previously acted as major resistance. When price is deliberately pushed through this level, the market splits into two:
1. Breakout traders immediately open a Long (Buy) position because they think the trend will continue (turning bullish).
2. Short traders who previously placed sell positions trigger their Stop Loss (Buy Orders) above 83k.