$BTC Bitcoin Update: Bull Trap or Real Breakout?
$BTC Bitcoin is trading around $107,800 after a sharp move above $100K. While some see this as the start of a strong rally, others believe it could be a bull trap targeting long positions.
Institutional interest and ETF growth are supporting the price, but short-term risk remains. Key levels to watch are $107K support and $110.6K resistance. A clear break above could push BTC toward $115K.
For now, the market direction is uncertain. I'm staying cautious and watching closely before taking big positions.