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Bitcoin's market last week first fell, then rose, and then pulled back. It is currently fluctuating at a high level, with a reduced volume rebound over the weekend but not breaking new highs; so is this wave a bull trap or real buying?
Technically, $108,000 may become a bullish-bearish dividing line this week. If the price falls back below $108,000, then this wave would be a bull trap; conversely, it may continue to surge. However, the current situation indicates that even if it surges, the space is very limited, and $110,800 may be the ceiling. In such a case, the pullback could be even more severe, making it highly probable to fill the gap in Bitcoin CME futures around the $104,000 line.