Bitcoin ($BTC) $BTC
has pumped after clearing the lower side liquidity and is now trading above $100K. But there are two possible scenarios:
1. Bull Trap: This could be a market trap designed to lure long positions in, only to reverse the price after a brief pump.
2. Recovery from War Impact: Bitcoin $BTC
might be recovering from the geopolitical impact of the recent war, though this seems less likely.
At this point, the market direction remains unclear, and we can expect some fake movements as it tries to trap traders. Any significant news—whether good or bad—could help define the next direction for $BTC
#BTC110KToday?
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In such uncertain times, it's wise to use small position sizes. As I’ve mentioned before, now might be a good time to do some buying in spot. Don’t fall for the traps!