After clearing the lower liquidity zones, Bitcoin has now pumped above the 100k mark. I’ve been closely watching the charts, and right now, two scenarios are playing out.
First, this could be a classic bull trap. It looks like the market is luring in long positions only to push the price back down after a small fake-out pump.
Second, there’s a chance that Bitcoin is trying to recover from recent geopolitical tensions, especially the impact of war. But honestly, I believe the first scenario is more likely.
The direction isn’t clear yet. This is the kind of environment where fake moves are common—meant to confuse and trap traders. One strong news event, good or bad, can shift the market drastically.
I’m personally using smaller position sizes right now. As I’ve said before, this could be a great time to start accumulating in spot—but only with caution.
Stay smart. Don’t fall for the traps.
