$BTC Bear Trap or Real Breakdown? Decision zone is here.
Bitcoin is sitting at a key level. This isn’t random movement — it’s structure.
Price is hovering around the previous $59,800 low.
If that level gets taken, two clear paths open:
1) Bear Trap Scenario
A quick sweep into the $59.7k–$58.6k area.
Stops get triggered. Late shorts feel confident. Weak longs get flushed.
Then price reclaims the level fast.
We’ve seen this before with Bitcoin — liquidity gets taken first, move comes after. A fast reclaim would shift sentiment quickly.
2) Broader Correction Scenario
If price accepts below that