Bitcoin's recent price movement has left many traders uncertain about its future direction. After clearing lower-side liquidity, $BTC pumped above $100k, sparking debate about its next move. Two possible scenarios are unfolding: a bull trap to lure in long positions, followed by a downturn, or a recovery from the impact of global events.
Given the current market uncertainty, it's crucial to exercise caution. Fake movements are likely to trap traders, and a significant news event could be the catalyst that clarifies the market's direction. To mitigate risks, consider using small position sizes and seizing opportunities for spot buying.
*Key Takeaways:*
1. Market direction is unclear, with potential for fake movements.
2. Small position sizes can help minimize risks.
3. Spot buying may be a viable strategy in this uncertain environment.
