According to Milk Road (@MilkRoadDaily), current crypto market sentiment remains bearish as investors report significant losses and express hope for a minor market rebound to recoup losses (source: Twitter, May 28, 2025). This reflects widespread portfolio downturns among retail traders, with many seeking a 2x or 3x gain just to break even. The prevailing sentiment indicates high risk-aversion and a wait-and-see approach, suggesting subdued trading volumes and limited upward momentum in the near term. Traders should stay vigilant for volatility spikes or green candle patterns that may signal short-lived recovery opportunities.

According to Milk Road (@MilkRoadDaily), a significant green candle formation was observed on the Bitcoin chart, indicating a sharp upward price movement and renewed bullish momentum in the cryptocurrency market. This price action typically attracts increased trading volume and can trigger further upward volatility as traders react to breakout signals and potential resistance levels. Such strong green candle formations are closely watched by crypto traders for short-term trading opportunities and trend reversals, as highlighted in the referenced tweet by Milk Road on May 13, 2025.

According to @blancxbt, the recent green candle in the cryptocurrency market represents a significant bull trap, suggesting potential market reversal or false bullish signals, which could mislead traders into making premature buying decisions.