$BTC is painting a deceptive green candle, but don't be fooled! This is a classic trap, the last "bullish" gasp before a devastating plunge. The bears are just taking a breather, gathering strength for the final blow that will send the price into the abyss!
Technical Analysis:
The chart screams weakness! After a brutal rejection from the iron-clad resistance at $115,314, the price has only found temporary shelter. This timid bounce from the $105k support is happening on low volume, exposing its artificial nature. This is the calm before the storm. All arrows point to one thing — a resumption of the bloodbath with the first target at the psychologically crucial $100,000 mark, followed by a freefall toward the $94,500 level.
Fundamental Analysis:
The macroeconomic noose around the crypto market's neck is tightening. Anticipation of inflation data and upcoming central bank decisions on interest rates are keeping investors frozen in fear. Capital is flowing into safer assets, leaving risk-on markets like #cryptocurrency to bleed out. Any negative statistic or hawkish statement from a regulator will be the trigger that activates this catastrophic scenario.
Conclusion: Don't fall for the fakeout! The probability of a sharp decline is significantly higher than the chance of this weak rally continuing. The bears are hungry, and their targets are clear.
