Market Update: $BTC Crosses $100K – Bull Trap or Real Recovery?

Hey traders 👋

As expected, Bitcoin ($BTC ) just cleared the lower liquidity zone and pumped past $100K – a huge psychological level that everyone’s been watching. But let’s not celebrate too early...

Right now, there are two possible scenarios in play:

Scenario 1: Bull Trap

This might just be a classic bull trap. The market pumped hard to trap breakout longs, and now it could be getting ready to reverse sharply. With no strong fundamentals backing this move and uncertainty still in the air, this scenario feels more likely.

Scenario 2: Recovery from War Impact

There’s also a chance this is a genuine recovery, especially after the geopolitical tensions earlier this year. Some stability is returning to the macro landscape, and investors are slowly regaining confidence. But let’s be honest – this recovery still looks fragile.

Other Coins to Watch

$ETH is holding strong around the $6,200 mark, showing signs of strength but still stuck in a range.

$SOL bounced off $180 support, but volume is drying up.

$LINK quietly accumulating – could be prepping for a move.

$DOGE and $PEPE spiked with hype but nothing sustainable yet.

My Personal Take

Right now, the market is playing games. It’s unclear, and we’re likely to see fakeouts both ways. Big players are shaking weak hands and trapping retail on both sides.

📌 My advice?

Use small position sizes

Focus more on spot buying

Avoid overtrading

Keep your emotions in check – don’t fall for these fake pumps and dumps.

It’s still a good time to build positions slowly in spot, especially on fundamentally strong coins like $BTC, $ETH, and $LINK.

Let the market reveal its hand – don’t try to predict every candle.

💬 What’s your take on this pump? Bull trap or breakout? Drop your thoughts 👇