$BTC has pumped after sweeping the lower-side liquidity and is now trading above $100K. At this point, there are two possibilities:
First, this could be a classic bull trap—designed to lure in long positions before dragging the market lower after a brief rally.
Second, it might be a genuine recovery from the recent war-related impact.
However, the likelihood of the first scenario (bull trap) seems higher right now. The market direction remains uncertain, and we can expect fake moves aimed at trapping traders. Only a major positive or negative news event is likely to give clear direction.
In the meantime, use smaller position sizes to manage risk. As mentioned earlier, this is a good opportunity to accumulate some BTC on spot, but don’t get caught in the traps! Stay cautious.