Analyst: BTC Breaks $87,000, Buying Momentum Turns Positive, But Descending Wedge Pattern May Be a Whale Trap

According to Jinse, after Bitcoin broke through $87,000, buying momentum has turned positive in the past 24 hours. However, cryptocurrency analyst Xanrox pointed out that the ongoing descending wedge pattern, often seen as a bullish signal, may actually be a cleverly designed trap by whales. Some institutional investors are likely using this wedge structure mechanism to influence price movements, requiring retail buyers to generate sufficient trading volume for them to sell or increase their positions. If the whale trap is established, Bitcoin could fall to the $67,000 range before a strong upward movement occurs.