๐ง Is This a Bear Trap? Recent market patterns suggest that Bitcoin may be forming a bear trap a scenario where prices dip below support levels, enticing bearish positions, only to reverse upward, catching short sellers off guard. Analysts have observed a classic bear flag pattern on the four-hour chart, indicating potential for a breakdown toward $97,000. However, despite these bearish signals, Bitcoin has shown resilience, rebounding from weekend lows and maintaining levels above $104,000. ๐ Technical Indicators Price Action: Bitcoin recently dipped below the $105,000 support but quickly reclaimed this level, suggesting a possible bear trap formation. MACD: The Moving Average Convergence Divergence (MACD) shows a bearish crossover, indicating potential downward momentum. RSI: The Relative Strength Index (RSI) is nearing the oversold zone, which could precede a short-term bounce. Volume: Decreasing trading volume hints at a consolidation phase rather than...