Most have already round-tripped or gone red during this perp driven ALT season fake out📉 The latest BTC May pump that ALTs rallied on was just a perp-driven fakeout — no real spot demand, no follow-through. Stay sharp.

🔴 A trap zone is forming at $106.5K 🔹 Late longs already wiped 🔹 Liquidity thinning up to that level 🔹 Clean path for price to bait breakout traders 🔹 High risk of rejection right into fresh short walls ⚠️ Eyes on the squeeze — patience is key.

🔴 Bitcoin hit the trap zone at $106.3K A known liquidity pocket just got tapped 🧠 Whales often use this zone to: • Trap late longs • Reload shorts • Trigger liquidation sweeps 📉 Watch for rejection signals here — next magnet sits near $104K

The trap played out almost perfectly

🔻Whales likely used 106.5K as a trap zone. Structure, OBV, MACD, RSI, and volume all support a bearish continuation unless new bid volume enters quickly. The most probable path is a retest of $104.2K and potentially $102.7K if momentum builds.

Next price target for Bitcoin 🎯 $104.3K–$104.8K (where liquidation density + prior breakdown level converge) This could quickly turn into a rejection and fade without spot volume Potentially a good short entry

🚨 BTC just flushed longs to the .236 Fib (~$101K) then ripped back up on a perp-driven short squeeze. Now stalling near $104K where a dense wall of shorts sits. Spot volume still weak — this could be a trap before fading back down. Watching for a squeeze to $104.7-105K

Weekly open kicking off with weakness after a weekend trap. 🧨 BTC tapped $106.4K and got instantly sold off OI dropped as longs exited Funding flipped positive → crowded longs No spot follow-through 📊 Looks like a squeeze + fade setup Short bias holds.

Bitcoin Weekly Close — $105.7K A cautious candle just printed 📉 🔸 Rejected below the $109K resistance zone 🔸 Failed to close above prior weekly highs 🔸 MACD still positive, but momentum slowing 🔸 RSI flattening just below 65 🔸 Volume declining — weekend-driven move

Was underwater for a bit with my small short from 104.5K, but doubled down at 110K and 108.5K before the latest pullback. Closed everything at 106.7K in profit—patience and planning paid off. Now waiting for the next setup!

Another retest of weekly resistance just under $110K—sellers keep defending. No weekly close above means the ceiling holds. Watching for either a breakout confirmation or a pullback to the next demand zones.