$BTC just pumped after sweeping the downside liquidity and is now trading above $100K.

At this point, there are two possible scenarios I’m looking at:

1. This could be a classic bull trap — a setup to lure in long positions before the market takes another leg down.

2. Or, it might actually be starting to recover from the broader uncertainty caused by the war.

To be honest, I’m leaning more toward the first one. The market still looks pretty indecisive, and I wouldn’t be surprised to see a few fakeouts here just to shake out both sides.

In these kinds of conditions, it’s smart to play it safe — use smaller position sizes and don’t overcommit. Like I mentioned before, this could still be a good time to slowly accumulate on spot. But be cautious — the traps are real. Stay sharp out there.