Big leg down?

Lots of talk about seeing lower prices and a possible retest of the low (circa $16k) before we go higher on these sub reddits but though we keep bouncing back off $25k for BTC it doesn’t seem to stay bounced for long before heading back towards $25k ? What is gonna cause this large pullback everyone keeps (hoping for) talking about? Are there any economic numbers due out or is it only going to happen if Binance goes pop?

I’m interested to hear the Bear perspective, especially those that have been vocal about this being a Bull trap – what are you reasons for such claims?