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Raise Your Hand if Anyone fall into this Bitcoin false breakout trap?
Look at the chart closely:
→ $BTC has been ranging between $62K-$74K since Feb
→ Breakout Attempt above range high got rejected
→ Fakeout confirmed. Price dumped right back inside
→ Two Fair Value Gaps (FVGs) sitting inside the range
→ Currently trading at $70,800, mid-range
This is SMC Smart Money:
Sweep liquidity above the range, trap breakout longs, reverse.
Until BTC breaks this range with real displacement and volume, every push above is a potential trap.
Key question: If the Lower Range (~$62K) gets tested, are we looking at a deeper move toward $50K?
Don't chase. Read the liquidity. Trade the range.
TA Only. Not Financial Advice. ALWAYS DYOR.