Bear Trap or Bull Trap on Crypto Market?

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The volatility in the crypto market is very high. There are too many traps..

While the bear trap was set 2 days ago, now the bull trap can be set. We should not trust the fake movements of this market. If we look at the macro, there are bad banks in the USA and inflation is high.

Bitcoin price touched 19500 USD and going up very hard. It is time to kill longers and shorters...

Ekran Resmi 20230313 22.43.11.png

They will print more money to bail out the banks, but what about inflation?

I think they can not print money and they will raise interest rates. So, we we will see hard bull trap on crypto market.

We will not forget this March as covid crash on 2020.

Or we will see same move as covid crash?

I dont think same scenario...

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There is significant market manipulation happening. It is not natural for Bitcoin to rise just because Joe Biden came out to reassure Silicon Valley Bank users I believe that there is significant manipulation happening.

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I am quite skeptical about a bull run so being a bull trap instead is more than realistic. The world financial space is faced with so many challenges, it is hard to be optimistic about it and ignore all macro economics signals.

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