$BNB pumped after clearing the lower side liquidity and is now trading above $800. Now there are two possibilities:
First
This is a market bull trap meant to lure in long positions, and it could drop again after a small upward move.
Secondly
It might be a genuine recovery after the recent uncertainty caused by global events like the war.
However, the first scenario seems more likely at this stage. The overall market direction is still unclear, and we can expect some fake moves designed to trap traders.
A strong news catalyst — either good or bad — could bring clarity. Until then, it's wise to use small position sizes and stay cautious.
As I mentioned before, this might be a good time to accumulate spot positions slowly — but don’t fall.
HASHTAGS:
#DYMBinanceHODL #StrategyBTCPurchase #NODEBinanceTGE #USCorePCEMay #BTC110KToday?
