Bitcoin $BTC has pushed above the $100K mark after sweeping the lower liquidity levels but honestly, the market is still playing games. In my view, there are two possible scenarios playing out. One, this could just be a classic bull trap designed to lure long positions before another sharp move down. Two, it might actually be showing signs of recovery after recent global tensions and news events. Personally, I think the first scenario (bull trap) is more likely right now. The market isnโt showing clear direction โ and in such phases, fake moves are common to mislead traders. Best strategy? Keep your position sizes small, avoid emotional entries, and if you're planning to buy, go for spot only.
No rush โ stay sharp!
