$BTC pumped hard after clearing the lower side liquidity and is now trading above$100k. At this point, there are two possibilities:
1. It’s a classic bull trap, designed to catch long positions. After a small pump, the market could drop again.
2. Or it’s actually recovering from the impact of the war, and this move is part of a natural recovery.
Personally, I believe the chances of the first scenario (a bull trap) are higher. Right now, the market direction isn’t clear. We’ll likely see some fake moves aimed at trapping traders.
This is the kind of environment where you should be cautious. I’m using small position sizes myself, and as I’ve said before — it’s a good time to buy small amounts on spot.
Don’t fall for the traps. Stay smart, stay safe.
