$BTC Bitcoin Surges Past $100K – But Caution is Key
Bitcoin has just pumped after sweeping the lower-side liquidity and is now trading above the $100K mark. At this point, there are two possible scenarios:
1. Bull Trap Alert: This could be a classic bull trap designed to lure in long positions before a deeper drop.
2. Recovery in Progress?: Alternatively, $BTC might be bouncing back from the recent market shocks, possibly tied to the war’s impact.
Between the two, the first scenario seems more likely. The market is currently unpredictable, and we’re likely to see some fakeouts intended to shake out traders. Until a strong catalyst – either positive or negative – steps in, the direction remains uncertain.
In these conditions, it’s wise to trade with smaller position sizes and avoid getting caught in potential traps. As mentioned before, it’s a good time to consider some spot buys, but tread carefully. Stay sharp and don’t let the market bait you.