Analyst: BTC Breaks Through 87,000 USD Buying Momentum Turns Positive, But Declining Wedge Pattern Or Constitutes A Whale Trap
2025-04-21 01:24:34
After Bitcoin broke through $87,000, buying momentum has turned positive in the past 24 hours, but cryptocurrency analyst Xanrox pointed out that the continued downward wedge pattern (often seen as a bullish indicator) may actually be an elaborate trap by the whale, and some institutional investors are likely to use this wedge structure mechanism to influence price action, that is, retail buyers need to create enough volume for them to sell or increase their positions. If the whale trap is established, Bitcoin may fall to the $67,000 range before a strong rise.
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