Last week in BVL056, we argued that reclaiming Bitcoin’s short-term structure would not be enough.
One week later, Bitcoin has done something arguably more difficult: it has held the high ground.
During bear markets, breakouts often become false alarms. Price briefly escapes, attracts new buyers, and then quickly reverses, trapping late longs before the broader downtrend resumes. That is why bear markets become such prolonged psychological battles, gradually wearing down traders and long-term holders alike.
Is this time different?
And more importantly, what needs to happen for this breakout to become something more than another bear-market trap?
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