Is $BTC 65500 the bottom? Beware of the bullish trap!
BTC has reached around 65000 as expected and has shown a slight rebound, many people are starting to ask if this is the bottom and whether they can go long.
From the market perspective, there are currently no strong bullish signals, and the rebound at 65500 feels more like a trap to lure in buyers; the parallel bottom formed here can easily mislead people into thinking it's the bottom, but in reality, it is accumulating bullish positions, and is likely to accelerate downward, representing a typical bullish trap.
The real bullish signal requires BTC to re-establish itself above the trend line of 68000-69000 and hold steady, otherwise it is not suitable to go long at any time.
The upcoming trend is more inclined to continue falling; 60000 is not the bottom, and it is likely to break below 62500 first, then gradually explore lower levels, with the real bottom expected to appear in the second half of this year, so there’s no rush to catch the bottom in the short term.
Of course, there is also a low probability scenario: if BTC can return above and hold steady on the trend line of 68000-69000, the market will turn bullish, and adjustments to judgment should be made based on market dynamics.
