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.