$BTC just soared past the $100,000 mark after wiping out lower-side liquidity but is this the beginning of the next leg up, or just a calculated trap?
At this point, traders face two possibilities:
1๏ธโฃ The Bull Trap Scenario (More Likely)
This move could be a classic bull trap โ a deceptive pump engineered to lure in long positions, only to dump shortly after. With fake momentum and sudden spikes, itโs a playground for whales and market makers. Once retail traders buy in, the market flips, and positions are liquidated. Brutal.
2๏ธโฃ The Recovery Rally (Less Likely)
Alternatively, this could be a genuine breakout โ perhaps Bitcoin is recovering from macro fears, like war-induced economic shocks. If global sentiment stabilizes, we might see a sustained move higher. But right now? Thatโs still uncertain.
๐ Market Direction: Still Foggy
No clear trend is established. The market is volatile, noisy, and likely to create fake signals. Every pump or dip could be engineered. A major news catalyst โ either bullish or bearish โ might soon decide the direction.
๐ก Smart Strategy for Now?
โข Avoid over-leveraging
โข Use tight risk management and small position sizes
โข Accumulate in spot slowly if you're bullish long-term
โข Watch volume closely โ real breakouts donโt lie
๐ Bottom Line:
We're in a manipulative zone. Be skeptical. Be patient. Donโt chase the pump. Accumulate wisely if you must, but stay sharp โ itโs trap season
