Bitcoin Near $71K: Bull-Trap Levels, Negative Sharpe Ratio, and LTH-MVRV Watchpoints

Bitcoin is hovering around $71K while analysts outline conflicting signals, including a potential third bull-trap setup with key levels at $68K and $74K. Separately, Bitcoin's Sharpe Ratio has flipped negative, and Long-Term Holder MVRV is trending toward a 0.85 zone that has aligned with prior cycle-bottom accumulation areas. The analysis frames the $68K–$74K range as a near-term decision band, with $62K cited as a downside level if the trap triggers.