If Bitcoin spikes above the golden pocket (around $95k-$97k) and then fails by breaking back below, it would indicate a massive bull trap leading to significantly lower prices, potentially around $84,000-$85,000.
"if the bearish case were to play out... If you spike back above that key level [golden pocket, around 95k] and you break back below, that's your confirmation... that would be your massive bull trap playing out and then you'd be looking for low prices... all the way down to give or take, I'm going to be looking at about um, you know, 84 $85,000 as an area of interest. if you do play out that bare moon"