$BTC has surged past $100k after tapping into lower-side liquidity. The market is now at a crossroads, presenting two possible scenarios.
1. This could be a bull trap, designed to lure in long positions before a further decline.
2. Alternatively, it might be rebounding from the impact of recent global events.
Given the current market volatility, it's challenging to determine the direction with certainty. Expect potential fakeouts as traders get trapped. A significant news event could provide clarity on the market's next move.
To navigate this uncertainty, consider using smaller position sizes to manage risk. Despite the volatility, this might be a strategic time for spot buying. Stay cautious and avoid falling for market traps." #StrategyBTCPurchase