15 hour ago
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Bitcoin Price Rebound Seen as Potential Bull Trap by Analysts
Bitcoin's recent price movement suggests a deceptive market environment. Despite appearing strong, the market seems poised to draw in bullish traders only to later reverse.
Mid- and Long-Term Bitcoin Outlook
- Mr. Wall Street's analysis indicates a bearish mid-term outlook, but a short-term bullish structure due to insufficient downside liquidity.
- He placed long positions around the Value Area Low between $80,000 and $84,000, anticipating a potential bull trap. His orders filled at $84,550.
- His exit strategy targets the $98,000–$104,000 range, aligning with a Fair Value Gap and high liquidity.
Long Positions vs. Macro Bearish Thesis
- Holding longs does not indicate a shift to a bullish macro perspective; expectations remain bearish towards $64,000–$70,000.
- Market makers might engineer a bullish move to engage retail investors, setting up for a larger downside once liquidity builds.
- The previously anticipated $68,000–$74,000 zone is revised lower to $64,000–$70,000, expected in late Q1 or early Q2 of 2026.
Recent activity from $87,000 to $90,000 followed by a drop to $85,000 resulted in significant liquidations, highlighting ongoing volatility.
