CTK - are the bears trapped 😱❓

Bitcoin, along with the whole market, continues its decline. Yesterday CTK broke through the key level of $1.62, after which we did not see a strong momentum downwards, the price consolidated and has now broken through that level upwards. If this bar closes above the key level, a bullish structure will form on the chart - a complex false breakout. In this case, it could be a bear trap that the big players are using to collect liquidity. As a result of a false breakout, the price can reach the targets that are marked above.
But be careful with your risk management, as bitcoin might fall even lower, to $53-54K. Which would actually pull the whole altcoin market with it.

Write in the comments all your questions and instruments analysis of which you want to see.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.

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