đĄ $BTC Update
Bitcoin pumped after clearing the lower side liquidity and is now trading above $100K.
At this point, there are two scenarios:
1ïžâŁ Bull Trap:
This move could be a classic bull trap to lure longs before another leg down after a small pump.
2ïžâŁ Recovery:
BTC may actually be starting to recover from the impact of recent geopolitical tensions.
đ Probability:
The chances of scenario 1 (bull trap) are higher.
Market direction is still unclear. Expect fake moves designed to trap traders. A significant positive or negative news catalyst will likely set the real trend.
đč Strategy:
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Use small position sizes in this environment.
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As mentioned earlier, itâs a good time to consider some spot buying.
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Stay cautiousâdonât fall for the traps!
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