BTC's appearance of a short squeeze, could it continue to be a bull trap?

Currently, when looking at the daily timeframe, we see a quite strong short squeeze occurring from the 67k range after continuous sell-offs over the past weekend. As mentioned in yesterday's article, BTC is currently in a sell-off phase in the third drop and has shown a recovery like the cycles of November 2023 or the recent phase in October 2024. However, this is just a recovery phase during the sell-off and has not created any accumulation reasons large enough to sustain a price increase for BTC like the cycle in November 2023. If there is truly a sustainable increase, we must see BTC confirming the bottom area of 67k in the short term, indicated by the price of BTC potentially bouncing back to the 70-71k range, then strongly dropping down to shake out individual investors; only then will the accumulation process to create a reason for BTC's price increase be formed.

Currently, we should not FOMO but rather stay out and observe the areas of exhaustion in volume. If today, after the volume exhaustion at 69k, BTC confirms a strong move up to the 70-71k range, then there is a likelihood that there will be a strong drop back down to 67k or re-accumulate, as it cannot continuously rise from the 70-71k range straight up to the 72-73k range. Taking advantage of the fact that organizations have not yet begun to create accumulation reasons and all phases in the accumulation process for sustainable price increases, we can look to short when BTC has strong recovery moves up to the 70-71k range (or in the Wyckoff area, 70-71k is the AR zone). If you want specific selling points, you can visit my personal page for reference.

As for the less likely scenario, I will update as soon as BTC sets up.