$BTC has pumped after sweeping the lower side liquidity and is now trading above $108K.

At this point, there are two possible scenarios: Possibly it hit $110k

1. This could be a classic bull trap — luring in long positions before dumping again.

2. Or, it might be starting to recover from recent geopolitical shocks, like the war. $BTC

Right now, the first scenario (bull trap) seems more likely. The market direction is still very uncertain, and we’re probably going to see some fakeouts designed to trap traders on both sides. Any significant news, whether positive or negative, could clarify the direction. $BTC

My advice:

Keep your position sizes small in this environment — it's risky to go heavy here. As I mentioned before, this is still a good time to consider spot buying gradually. Don’t get caught in the traps. Stay sharp!

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