this pump is bullish rally or biggest trap in 2023?

we can notice 3 important resistance in weekly time frame .

1- the upper side of descending channel

2- the orange resistance

3- the 200 MA

these 3 are located in concourse point


it's require a massive liquidation to breakout the concourse point... but as u see in the chart There are no clear signs of strong liquidity.

so we have 2 Scenario.

1- it's trap and sign of bear market

2- weekly close above 200MA and this will be a sign to raise to 28000$

Anyway, the decision to trade now is high risky

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