I think this is a bear trap as under wyckoff this move down is still a SOW ( sign of weakness) and the next move should be a move up to test the 17868 area.
Note
if BTC is moving lower i would have expected something like this first.This move would be another attempt to test the 17868 area before a breakdown occurs.
ofcourse I could be wrong but this current movement down just seems a bit to easy to me .
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.