Bitcoin Confirms Breakthrough of Macro Downtrend, But Beware of Bull Trap

BroadChain has learned that at 08:16 on April 19, according to NewsBTC, Bitcoin has confirmed a breakout above the macro downtrend on the linear chart, signaling a potential shift in the broader market structure. However, the current price is currently at a key resistance area on the logarithmic chart, and uncertainty remains. The upcoming price action will be crucial in determining whether this breakout develops into a sustained bullish trend or a potential bull trap. From the linear chart perspective, breaking above the primary trendline may mark the end of the bear market cycle, but the logarithmic chart shows the price is at a major resistance level. For the breakout to be validated, the price needs to push into the mid-$85,000 range and maintain several daily closes to shift the macro structure from bearish to bullish. The next 7 to 10 days are a critical window for determining the medium-term trajectory. Analyst Crypto Candy noted that Bitcoin is approaching the key target of $80,000, and as long as the price remains above $73,000, the bullish bias remains intact, with short-term pullbacks viewed as natural market breathers.