BTC Update š
Bitcoin surged after clearing lower-side liquidity and is now trading above $100K. At this point, two scenarios may be unfolding:
1ļøā£ Bull Trap in Play?
This could be a classic market bull trap ā a quick pump to lure long positions before a potential reversal. Given recent volatility, this scenario seems more likely.
2ļøā£ Recovery Phase?
Alternatively, BTC might be rebounding from the recent war-related market impact. However, confidence in a full recovery remains weak for now.
šÆ Current Market Sentiment:
The market is lacking a clear direction. Expect fake moves and volatility aimed at trapping traders. Major news ā good or bad ā could soon define the next leg.
š” Strategy Tip:
Use small position sizes and stay cautious. As mentioned earlier, it's still a good time to consider gradual spot buying, but avoid emotional decisions.
š« Donāt fall for the traps. Protect your capital.
Do your own research
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