Looking at this wave of market movement, it's a classic false breakout pattern. When the price surges, it indeed makes people think it's about to take off, but then it turns around and drops, wiping out a bunch of long positions. This situation is all too common in the crypto market—insufficient liquidity or big players intentionally dumping can easily create such traps. The key is to look at the trading volume; a breakout without supporting volume is often fake. Especially in sideways markets, one should be more cautious of these trap setups that appear to attract longs. Traders all know that the most ruthless tactic is to make you buy at the highest point.