Analyst: BTC breaks through $87000, buying momentum turns positive, but a downward wedge shape may form a whale trap

According to a report by Golden Finance, after Bitcoin broke through $87000, buying momentum has turned positive in the past 24 hours. However, cryptocurrency analyst Xanrox pointed out that the continuous downward wedge pattern (usually seen as a bullish indicator) may actually be a trap carefully designed by whales. Some institutional investors may use this wedge structure mechanism to influence price trends, which requires retail buyers to create enough trading volume for them to sell or increase their positions. If the whale trap is established, Bitcoin may fall to the $67000 range before a strong rise can occur.