Bullish Breakout or Bull Trap? Traders Split Between $100K and $70K

[nihalsari]

Market sentiment is sharply divided. Some traders, including Ted Pillows and Captain Faibik, are positioning for a relief rally toward $98K–$100K, potentially driven by FOMO once resistance breaks. Others warn this could be a classic bull trap, with historical RSI divergences and moving-average behavior resembling late-stage bull market conditions from 2021. For advanced participants, this is a market where probability-weighted scenarios matter more than directional bias.

[chainsniff]

RSI divergences and moving averages looking sketchy might be late 2021 all over again