Since the drop on February 6, BTC has been consolidating for nearly 2 months in a wedge-shaped adjustment. The larger cycle is still in a downtrend. In my personal opinion, the crypto market is in the mid-stage of a bear market. The current movement is a continuation of the downtrend, not a trend reversal. As long as the trendline isn’t broken, I remain bearish at key resistance levels. This morning’s ceasefire news led to a volume breakout upward, but it’s likely a fake breakout. A bull trap designed to liquidate high-leverage short positions at the bottom. Short-term fake breakout at 69,300, then a reversal downward. Today, you can short at 69,300 for BTC and 2,147 for ETH. In a Bitcoin bear market, every major rally quickly retraces. Every breakout in a bear market is a fake breakout. One day of fake breakout, followed by many days of slow bleeding... #Crypto #BTC #ETH #BearMarket