Market Update: $BTC Pumps Above $100k
$BTC has pumped after clearing the lower side liquidity and is now trading above $100k. However, the market direction remains unclear, and there are two possible scenarios:
Two Possible Scenarios:
1. Bull Trap: This could be a market trap to lure in long positions, followed by a further decline.
2. Recovery: $BTC
might be recovering from the impact of war, but the chances of this scenario are lower.
Market Volatility:
The market is expected to create fake movements to trap traders. A good or bad news event could clarify the direction.
Trading Strategy:
- Use small position sizes to minimize risk.
- Consider buying in spot, but be cautious of traps.
- Stay alert and adapt to changing market conditions.
Stay Informed:
Stay up-to-date with market news and analysis to make informed trading decisions. Don't fall for traps, and prioritize risk management.