After clearing liquidity on the lower side, Bitcoin ($BTC) has surged and is now trading above $100,000. At this point, the market presents two potential scenarios:
Bull Trap: The market might be staging a fakeout to lure long positions. After a brief pump, it could resume a downward trajectory. This seems like the more likely scenario for now.
Recovery: Alternatively, the price action could be a genuine recovery following recent geopolitical or macroeconomic turmoil.
Currently, market direction remains uncertain, and we should expect false moves designed to trap traders. Upcoming news—positive or negative—will likely provide clearer direction.
Strategy Recommendations:
Use small position sizes to manage risk.
As previously mentioned, this is a good time to accumulate in spot for long-term investors.
Stay alert and avoid emotional or FOMO-driven trades. The market may still be setting traps.
