$BTC The ultimate trap cometh

I feel it is highly likely 25.4k gets breached. Either that or we crash from here, I really don't think moon is a scenario right now.

It is a great opportunity for the market makers as:

1) an invalidation for shorts (they may exit)
2) a trap for 'breakout traders'
3) a bull trap for longs to get horny in general
4) large volume selling can be hidden amongst contract distribution
5) it is a fundamental & psychological level

The triangle formation that everyone is so bullish about has a target of $27300-$27400.
We could reach that level and then crash to new lows immediately and violently after.
I do believe that 27400 is an overstretch based on the ending negative divergence going on but we shall see.