Bitcoin $BTC has made a significant move, breaching the $100K level after sweeping the downside liquidity. While this spike may appear bullish on the surface, traders should remain cautious. Two scenarios are currently in play:A Bull Trap in the Making: This move could be a classic trap to lure in long positions before reversing downward. Given recent patterns, this scenario seems more probable.Recovery Narrative: Alternatively, the market might be rebounding from geopolitical tensions or macroeconomic shocks, like the recent war developments. Still, this seems like the less likely case for now.At present, the overall market direction remains ambiguous. Expect deceptive price action designed to shake out both sides of the trade. News—either positive or negative—will likely determine the next big move.Risk management is crucial. Consider using smaller position sizes to protect capital while volatility remains high. As mentioned previously, current levels may offer decent opportunities for long term spot entries but avoid getting caught in fake outs.

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