$BTC above 100K — but is this recovery or a trap?
I wrote about bull traps, fake moves, and how to protect yourself when the market plays psychological games.
🤔 How do you separate signal from noise?
$BTC pumped after clearing the lower side liquidity and now is trading above 100k$. Now there are two things
First
This is market's bull trap to trap long positions and it's gonna go further down after a little pump or Secondly
It may be recovering from the impact of war. The chances of first one is higher than the second. Right now market direction is unclear. It will create some fake movements now to trap traders. A good or further bad news can make it's direction clear. Use small position size in these situation and As i said earlier it's good time to do some buying in spot. Don't fall for the traps!
First
This is market's bull trap to trap long positions and it's gonna go further down after a little pump or Secondly
It may be recovering from the impact of war. The chances of first one is higher than the second. Right now market direction is unclear. It will create some fake movements now to trap traders. A good or further bad news can make it's direction clear. Use small position size in these situation and As i said earlier it's good time to do some buying in spot. Don't fall for the traps!
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BTC
102,885.77
+3.67%