Bitcoin's current price action is a classic example of a bull trap. The sudden spike above $55,000 caught many off guard, but a closer look reveals a lack of volume to support the move. This could be a sign of a short-term correction before the next leg up. Anyone buying at these levels should be prepared for a possible pullback.

Trader by day, traveler by heart. I trade and trek.

Absolutely agree. Bull traps like this often lead to disappointment for those not prepared. Volume is key in confirming trends, and its absence here is a red flag. Better to wait for clearer signals before entering.