#BTC110KToday? #BTC100K Update: Bull Trap or Recovery?
Bitcoin has surged past the $100,000 mark after sweeping the lower-side liquidity. This sudden move has sparked two key possibilities:
1. Bull Trap Scenario (Most Likely):
This could be a classic bull trap—luring in long positions before a deeper move down. With the market still digesting global instability, including the aftermath of war-related uncertainty, it's highly possible we see fake pumps designed to trap both sides of the trade.
2. Recovery Rally (Less Likely):
Alternatively, BTC might be showing signs of genuine recovery, bouncing back as geopolitical tensions ease. However, the momentum doesn't seem strong or organic enough just yet to confirm this.
Current Outlook:
The market direction remains unclear. Expect volatility and deceptive moves—typical during uncertain phases. News (positive or negative) will likely define the next major trend.
Risk Strategy Tips:
Use small position sizes in leverage trades.
Avoid FOMO—don’t get caught in emotional trades.
Spot buying is still favorable, as mentioned earlier, for long-term accumulation.
Stay patient and let the market show its hand.
Don’t fall for the traps—stay smart, stay safe.