According to Mihir (@RhythmicAnalyst) on Twitter, today's bounce in BTC price has raised concerns among traders about a potential bull trap, signaling caution for those considering long positions as confirmation is still pending (source: Mihir on Twitter, May 1, 2025). The current price movement, following a recent downtrend, suggests traders should closely monitor volume and resistance levels before making trading decisions, as the risk of a false breakout remains significant (source: Mihir on Twitter, May 1, 2025).