Part 6/16:
The Week of Violent Swings and Chart Analysis
Trade analysts presented a detailed breakdown of recent price action. CTO described last week's market as a "bear trap," where Bitcoin momentarily broke support levels only to revert sharply, trapping short-sellers. The weekly charts confirmed this pattern, with a long lower wick reversing the downward move. Key indicators like yields and liquidity measures suggested that macro forces—particularly US bond yields and liquidity injections—were providing upward pressure, facilitating Bitcoin’s recovery from lows near $56,500.