Bitcoin Warning: This Bounce May Be a Bull Trap

Added: 2026-06-02

[00:00:01]This is Shah, and today we are looking at a very important update on Bitcoin because the market is continuing to follow the bearish structure after invalidating the previous bullish setup, and sellers are still controlling the overall direction of the chart. Right now, BTC is trading around $73,300, and in the last update, we clearly explained that the bullish inverse head and shoulders pattern had already failed. At that time, price was trying to hold support, and many traders were expecting a bullish recovery because the inverse head and shoulders pattern was visible on the lower time frame.

[00:00:33]However, we clearly explained that if the support failed, the entire bullish structure would become invalid. That is exactly what happened. Bitcoin failed to hold the support zone, invalidated the bullish pattern, and after that, we marked the downside direction toward the major support around $72,000.

[00:00:50]Price followed the structure perfectly.

[00:00:52]The market continued dropping, made a fresh low around $72,500, and after reaching that area, we finally saw a small bounce.

[00:01:02]But, traders need to understand one important thing here. This current bounce should not be treated as a bullish reversal yet.

[00:01:08]At the moment, this move looks more like a temporary pause in selling pressure rather than a confirmed shift in structure. Markets do not move in straight lines forever. Even during strong downtrends, short-term relief bounces happen before continuation. And right now, the overall structure still remains bearish because BTC is continuing to trade below the major resistance zone around $76,300.

[00:01:30]This level is now controlling the entire structure. As long as Bitcoin stays below 76,300, the direction remains downside toward the 72,000 support area.

[00:01:42]Even if price bounces higher from current levels and moves back toward 76,300, that move would currently be treated as a bearish retest and another lower high inside the bearish trend unless buyers reclaim the level properly with strong confirmation.

[00:01:56]This is exactly how bearish structures behave. Price break support, market bounces temporarily, resistance gets retested from below, and then continuation happens if buyers fail to reclaim the level.

[00:02:07]Now, the most important area on the chart is the 72,000 support zone. This is the major level buyers need to defend. If BTC reaches 72,000 and starts stabilizing, building bullish patterns, and forming higher lows on the lower time frame, then we can start discussing possible reversal scenarios. But, at the moment, those are not visible yet.

[00:02:28]Now, let's also discuss the bigger risk if Bitcoin loses the 72,000 support with proper confirmation, then the next major support zone is sitting around $65,000.

[00:02:38]Yes, that is a very large gap between supports, but technical analysis is not based on emotional expectations or psychological comfort levels.

[00:02:46]Charts do not care about emotional numbers. We simply follow structure, support, resistance, liquidity, and confirmation. And right now, the structure is still bearish.

[00:02:56]This is why traders should stay focused on what the market is actually showing instead of hoping for bullish continuation without confirmation.

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