I've observed a similar situation during the previous bull run. When everyone anticipated a market pump and analysts predicted that if BTC held a certain zone, it would surge, what happened instead? BTC dropped to $28k before reaching its all-time high again. That was when the altcoin season began.

I see similar patterns emerging now. BTC should reach at least $40k in the next few months before breaking its all-time high again. This appears to be a well-orchestrated bull trap, as 70% of traders have started long positions while only 30% have gone short.

If 70% of traders were to win, the market would be emptied, which is unlikely. The market will likely liquidate shorts as much as possible before dumping to liquidate greedy longs who haven't set stop losses or managed their risk.

#BULLRUN24 #BULLishWithBULL #altcoins #BinanceTournament #Megadrop