BTC Update 📈
Bitcoin surged after clearing lower-side liquidity and is now trading above $100K. At this point, two scenarios may be unfolding:
1️⃣ Bull Trap in Play?
This could be a classic market bull trap — a quick pump to lure long positions before a potential reversal. Given recent volatility, this scenario seems more likely.
2️⃣ Recovery Phase?
Alternatively, BTC might be rebounding from the recent war-related market impact. However, confidence in a full recovery remains weak for now.
🎯 Current Market Sentiment:
The market is lacking a clear direction. Expect fake moves and volatility aimed at trapping traders. Major news — good or bad — could soon define the next leg.
💡 Strategy Tip:
Use small position sizes and stay cautious. As mentioned earlier, it's still a good time to consider gradual spot buying, but avoid emotional decisions.
🚫 Don’t fall for the traps. Protect your capital.
Do your own research
#bitcoin #ScalpingStrategy #Binance #BinanceSquare $BTC $XRP