$BTC Update: Big Pump or Big Trap? ๐ฅ
Bitcoin has just pumped above $100K after clearing the lower side liquidity. But be carefulโthe market direction remains UNCLEAR.
๐ Two scenarios unfolding:
1๏ธโฃ This could be a classic bull trap, designed to lure traders into long positions before taking the price further down.
2๏ธโฃ Or, it might be an early sign of recovery from the impact of recent geopolitical tensions.
๐ Probability Check:
The first scenarioโa bull trapโis more likely right now. Expect fake moves and sudden volatility as market makers try to trap traders on both sides.
โ ๏ธ My advice:
โ Keep your position sizes small.
โ Avoid over-leveraging.
โ Be patient and watch for a confirmed breakout or breakdown.
โ As Iโve shared earlier, this is still a good zone to accumulate on spot gradually, but donโt get caught up in emotional trading.
๐ฅ Stay smart. Stay safe. Donโt fall for the traps!
#CryptoTrading #BTCUpdate #StayAlert