John Bollinger dey warn Bitcoin bear trap afta band squeeze
John Bollinger, wey create Bollinger Bands indicator, warn say Bitcoin fit dey inside bear trap after dem recent Bollinger Band squeeze. After e jump pass $115,000, BTC fall to $111,919 before e bounce back, wey show say e fit be 'head fake' pattern. Dis kain false breakout dey usually bring sharp pullbacks for high volatility market dem. Traders suppose use tight risk management, dey watch Bollinger Bands, price action, volume, plus dey find bullish candlestick patterns to confirm say real uptrend dey. If traders dey sharp for misleading price movements and use technical analysis well, dem fit sidestep Bitcoin price trap and avoid sudden market reversals risk.
Bearish
John Bollinger warning say potential Bitcoin price trap dey signal say risk of false breakouts plus sudden pullbacks don high, e mean say short-term outlook for BTC dey bearish. For now, traders go likely dey cautious, tighten their stop-loss levels, and reduce long exposure because market full of volatility. Even though real uptrend fit show if bullish candlestick patterns plus rising volume confirm am, the looming risk of bear trap fit make confidence drop and buying pressure weak. Overall, dis warning make market sentiment shift to bearish as participants ready for sudden reversals.