Recently, Bitcoin's price has been fluctuating at high levels. After briefly breaking through $73,000 last week, it quickly retraced and is currently stabilizing around $67,000. This back-and-forth movement has sparked widespread discussion in the market—Is it a sign of bottoming out and warming up, or a brief respite in a downtrend?
A crypto analyst known as “Doctor Profit” has issued a warning: the current consolidation is not a reversal signal but a typical “bull trap phase” within a bear market structure. In a detailed analysis combining technical patterns, historical cycle comparisons, and market sentiment, he points out that Bitcoin is repeating the trend pattern of the previous bear market.
According to his observations, the market often creates brief rebounds before trend reversals, attracting retail investors to chase higher prices, only to break down again. This “trap-like rebound” has repeatedly appeared in historical bear markets, often occurring near key psychological levels. Therefore, although a slight recovery may occur in the short term, the core judgment remains bearish, with expectations that once the current consolidation range is broken, Bitcoin may further dip to the $40,000 to $44,000 range.
It is noteworthy that even with a bearish long-term outlook, the analyst has not completely exited the market but has adopted a range trading strategy. He emphasizes that the market rarely moves in a straight line; even in a downtrend, strong counter-movements often signal long-term positioning opportunities. The real bottoming opportunity usually appears after panic sentiment is fully released, rather than in the early stages of a rebound.
Current market sentiment is becoming calmer, but historical patterns remind us: surface calmness is sometimes the silence before the storm.