**Bitcoin Bounces Back: Bullish Trends and Bear Traps! 🚀**

Just days after "Crypto Black Monday," Bitcoin has reclaimed $62,000, leaving traders buzzing about a bullish pattern. Crypto trader Matthew Hyland notes a "massive bull hammer" on the weekly chart, hinting that Bitcoin's bottom might be in.

- BTC briefly hit $62,510 on Aug. 8, up 12.46% from Aug. 7.

- Traders suspect the recent dip was a bear trap, with sentiment now favoring long positions (52.48%).

Morgan Stanley's nod to Bitcoin ETFs adds more fuel to the fire. Think this is the start of a new bull run? Share your thoughts below! 💬