Market Update:
BTC has pumped after clearing liquidity on the lower side and is now trading above $100K. Currently, there are two possible scenarios:
1. Bull Trap: This could be a classic bull trap designed to lure in long positions before the market reverses and moves lower.
2. Recovery: Alternatively, the market might be starting to recover from recent geopolitical tensions (e.g., war-related impacts).
However, the first scenario seems more likely at the moment. The market direction remains uncertain, and we may see fake moves intended to confuse or trap traders.
Recommendation:
Trade with small position sizes to manage risk.
As mentioned earlier, spot buying at these levels can be a smart move for long-term investors.
Avoid emotional decisions and donโt fall for short-term market traps.
A major news event โ positive or negative โ could soon define the next clear direction. Stay alert.
#BTCReclaims110K #BTC #BTC๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ
