$BTC Monday Opened with a good amount of bullish orderbook catalysts BUT

There are things to note here.

When market was in a downtrend, every lower high was made with such story.

Longs opening + Coinbase trying to go positive but everytime it failed.

Below you can see the two times in the past similar kind of thing happened (all were followed with good volume)

Then how to recognize a fake move with a real move?

The answer lies in switching to smaller time frame and finding signs of exhaustion there. If you see there are signs, like the $93k+ trapped longers, then there could be turnaround anytime soon.

Not to forget, Monday has been famous for marking the top since this downtrend began.