$BTC Market Update:
Bitcoin has pumped after clearing the lower-side liquidity and is now trading above $100K. At this point, there are two possible scenarios:
This could be a bull trap designed to lure in long positions, followed by a drop after a brief pump.
Alternatively, the market might be recovering from the impact of the war.
The first scenario seems more likely at the moment. The market direction is still uncertain, and we might see some fake moves to trap traders.
What to do now?
Use small position sizes to manage risk.
As I mentioned earlier, this is a good time to consider spot buying.
Don’t fall for the traps—stay sharp and patient!
