Bitcoin ($BTC ) surged after sweeping the lower-side liquidity and is now trading above $100K. At this point, two scenarios are possible:

1. This could be a classic bull trap designed to lure in long positions before the price reverses and heads lower after a brief rally.

2. Alternatively, the market might be recovering from the recent impact of the war.

The first scenario seems more likely at the moment. The market direction remains uncertain, and we could see some fake moves aimed at trapping traders. Any significant news—positive or negative—could provide clearer direction.

In these conditions, it’s wise to use smaller position sizes. As mentioned earlier, it’s a good time to consider spot buying, but don’t get caught in the traps!