BTC- breakout or another bull trap?title pretty much explains my thesis. we must break 36.5k to create a higher high in price action, while the RSI is already eye to eye with previous highs, likely to form higher high on indicator. last time this happened was Elons infamous twitter post that resulted in a massive bulltrap. coincidence that little conference was scheduled when it was? i think not. not saying we cant shatter these levels and hit 100k tomorrow, but the chart is clearly in a precarious position. While eth is also forming a bearish descending triangle with its own bearish divergence forming, it would make a ton of sense for BTC to experience another fakeout, which in the current state of both charts, would have Eth obliging BTC by not breaking out of said descending triangle and following BTC
godspeed traders
