In 2020, with pandemic announcement in March, all markets reacted the same way, mass blood bath.
In 2025, with mass reciprocal tariff from the White House, all markets are in red and it has been lasting for more than one week. When tariff panic effects disappear, different markets will separate and move in their own ways.
I think in 2020, every countries can't do anything.
In this year, US want to prevent other countries to received goods from foreign countries, but foreign countries actually can sell the product other countries. So, the effect would be, US market drop, while the other rise, based on my logic though.
Pic of yours does seem to imply that we would be in bear trap, and i am sure that people don't want to hear this, but imho we had that bear trap, this time last year.
It was shake out instead of bear trap.

People always refer bear trap when they have a big expectation for the future, people are expect Bitcoin price at least reach $130K, some said $150K, and some are said $200K. That's why, when the price drop, people believe it will comeback.