Bitcoin ($BTC) jumped after clearing out lower price levels and is now trading above $BTC 103,000.
Now there are two possible outcomes:
First: This could be a bull trap —
Meaning the market goes up just to trick people into buying, and then it might drop again.
Second: It could be a real recovery, possibly bouncing back after the effects of the war.
Right now, the first option seems more likely. The market direction is still uncertain, and it might make fake moves to confuse and trap traders.
⚠️ Be careful. Use small trade sizes during times like this.
As I said earlier, this is a good time to buy a little on spot (long-term holding), but don’t get caught in market traps.
