Bitcoin ($BTC BTC) has surged past the $100K mark after sweeping liquidity from the lower levels. But now, two scenarios could play out:
1. Bull Trap: This might be a classic market setup to lure in long positions before reversing lower. A temporary pump could be followed by a sharp drop.
2. Recovery Phase: Alternatively, BTC could be starting to recover from the recent pressure caused by geopolitical tensions. However, this seems less likely at the moment.
Right now, the market direction remains uncertain. Expect fakeouts and volatile moves designed to trap traders on both sides. Until there’s a clear catalyst — whether positive or negative — the price action may stay unpredictable.
Advice in these conditions:
Stick to small position sizes
Be cautious and don’t chase moves
As mentioned earlier, this could still be a good time to accumulate via spot buying — but only with a long-term view
Stay sharp and don’t fall into the traps!