This looks like a massive Bear trapStill praying for $5,000 $ETH in 2025 https://t.co/Yjacglc9Uu ...

The FOMC meeting and Fed rate cut announcement on October 29 turned out to be a “sell-the-news” scenario for the crypto market. Ethereum price has lost the $4,000 support, dropping another 3% in the last 24 hours, in what analysts believe to be a classic bear trap. On the other hand, spot Ethereum ETF flows have turned negative again. ETH Price Loses $4,000 Support in Bearish Fall After trying hard to hold the ETH price above $4,000, bulls have once again given up to the bearish pressure as the largest ...

⚡️ INSIGHT: Bull and bear traps are everywhere in crypto’s 24/7 markets.Here’s how to spot them, use confirmation, not hope: Wait for retests, read leverage signals, and avoid chasing thin, off-hour moves.Full story:https://t.co/SzFNUGW1Ez ...

Core Viewpoint - The cryptocurrency market is experiencing a significant downturn, with analysts divided on whether this indicates the start of a bear market or a temporary bear trap that may lead to a rebound [1][2]. Market Performance - The total cryptocurrency market capitalization has decreased by 6.6% over the past week, with most coins showing negative performance following the Federal Reserve's interest rate cut [2]. - Among the top 10 cryptocurrencies, Solana (SOL) experienced the largest decline, dropping 19.5%, while Bitcoin (BTC) and Ethereum (ETH) fell below critical support levels of $110,000 and $4,000, respectively [3]. Analyst Commentary - Peter Schiff, a long-time critic of cryptocurrency, noted the rise of silver by nearly 3% as Bitcoin declined, suggesting that silver may be the asset that challenges Bitcoin's value [3][4]. - Schiff indicated that Ethereum's drop below $4,000 places it in an official bear market, predicting that Bitcoin may soon follow this trend [4]. Historical Context - Analysts have pointed out that major downturns in the cryptocurrency market often coincide with the Federal Reserve's rate-cutting cycles, suggesting a historical pattern [5][6]. Technical Analysis - An analyst highlighted Bitcoin's Short-Term Holder (STH) cost basis at $111,500, which serves as a critical metric for determining market conditions [7]. - The STH cost basis is expected to remain above the price during a bull market; however, if Bitcoin consistently trades below this level, it may indicate a bear market [8][9].

Market Trend - Bitcoin is potentially entering a bear trap [1] - Markets are anticipated to experience a significant surge if the Federal Reserve (FED) announces rate cuts [1]

A MAJOR BITCOIN PATTERN KEEPS REPEATING1️⃣ Range forms2️⃣ Failed breakout attempt3️⃣ Liquidity sweep on the downside (bear trap)We’re now right at step 3.Don’t get shaken out. https://t.co/OmSkkDlRBQ ...