In the BTC bull market, short traps often appear on the daily chart. Only by combining market cycle analysis, technical analysis, fundamental analysis and market sentiment can we make a correct judgment.

In the BTC bull market (weekly upward trend), short traps often appear on the daily chart, as shown in the figure below:

Only by fully reshuffling the market can we get out of a new round of rising market, and not be too pessimistic about the general trend!