Bitcoin ($BTC
has surged past the $100,000 mark after sweeping lower-side liquidity, catching the attention of traders worldwide. However, the current price action leaves room for two main possibilities:
1. Bull Trap Scenario
This could be a classic bull trap designed to lure in long positions, only to drive the market lower after a brief pump. Given the overall market structure and recent volatility, this scenario seems more likely at the moment.$ETH
2. Recovery Phase
Alternatively, Bitcoin $BTC might be in the early stages of recovery following the recent geopolitical tensions. While possible, this narrative currently holds less weight compared to the trap theory.
Market Outlook
The market remains uncertain and may continue generating fake moves to confuse traders and shake out positions. Until a strong directional bias is established—potentially triggered by major news—caution is advised.
Trading Strategy
Use smaller position sizes to manage risk effectively.
Stick to spot buying for long-term exposure, as mentioned in previous updates.
Avoid emotional trades and don’t fall for potential traps.
Stay safe and trade smart
