$BTC just pumped after clearing lower side liquidity and now it's trading above $107,000. There are two possible scenarios here. First, this could be a bull trap to lure in long positions, and after a little pump, it's gonna plummet further down. Or secondly, it might be recovering from the impact of recent global events. Honestly, the first scenario seems more likely. Right now, the market direction is super unclear, and it's gonna create some fake movements to trap traders. A major news event or further developments could clarify the direction soon. In this situation, keep your position sizes small and, as I mentioned earlier, it's a good time to do some spot buying - just don't fall for the traps ¹ ².

#NODEBinanceTGE #USCorePCEMay