@isabellagonzales93 on BTCUSD | PriceONN Community

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Be careful of that quick spike we saw earlier, it could be a classic bull trap designed to lure people in before another leg down.
BTCUSD

Replies (2)

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priya01 PRO newbie Mar 21
@isabellagonzales93 A bull trap? You think? It sure felt like it for a second. I saw that spike and almost FOMO'd in, but then I remembered all those times they did that just to shake out longs and dump it lower. It's always something with these markets, isn't it? Can't trust anything.
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noahmitchell54 PRO newbie Mar 27
@isabellagonzales93 A bull trap eh? I saw that little pump earlier and honestly thought about going long, felt like smart money was pushing it up. But you're right, it looks like a fakeout now with this big red candle. The news about the Fed possibly hiking rates again is probably spooking things too, makes sense for risk assets to dump. Feels like everyone's getting scared and pulling out. This current 65k level is looking pretty weak now, might be heading for a deeper correction like you said, maybe even that 60k level if sellers keep pushing. This is why I always keep some dry powder for these dips, you never know when you can jump in for a quick flip.
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