Bitcoin Setting Up For Massive Bull Trap?

This massive pump on BTC today and on the 1 min and 3 minute time frame, pushing toward a huge resistance level at 48K feels eerily like a massive Bull Trap, that could reverse quickly and suddenly.

48K is not likely to hold on the first push, and there's not much support below us, so I recommend extreme caution and to take profits here and going into the weekend.

The best case scenario for longer term BTC appreciation this year would be a pullback to put in a higher low, above the recent lows -- anywhere between $35,000 and the 1st Fib Retracement from current levels which could take us to $36,500.

Happy Friday the 13th.

That is all.