What is a Crypto Dead Cat Bounce?

A crypto "dead cat bounce" refers to a temporary recovery in the price of a cryptocurrency in a downtrend. It is called a "dead cat bounce" because even a dead cat will bounce a little bit when it falls from a height, but the bounce does not change the fact that the cat is still dead. In other words, the price may bounce back up temporarily, but the overall trend is still downward. Here is a practical example: Imagine that…