Detailed analysis of factors:
1. Concerning technical signs:
- RSI(6) = 73.02 in overbought territory
- Price is approaching the upper Bollinger Bands
- Bullish volume is not as strong as bearish volume
→ High risk of technical correction
2. Unusual cash flow:
- 4H bid-ask spread: -2,156 BTC
- Large cash flow over 5 days: -11,645 BTC
- The ratio of large orders is gradually decreasing
→ Whales may be distributing
3. Market structure:
- Increased too quickly from 90,791 to 96,746 (+6.57%)
- Break of resistance without strong confirmation volume
- Lack of accumulation phase before breakout
→ Unstable bullish foundation
4. Important price levels to watch:
- If the price breaks 94,800: Confirm bull trap
- Zone 93,200: Stop loss for many traders
- Adjustment target may revert to 90,800
5. Trading recommendation:
- Do not open a new position at the current price range
- Reduce leverage or take partial profits
- Set tight stop loss at 94,800
- Wait for a correction to the accumulation zone to reassess
Overall assessment:
- Bull trap likelihood: 70%
- Key factor: Large cash flow is withdrawing
- Catalyst that may trigger: Break below 94,800
