๐จ $BTC Update ๐จ
Bitcoin has pumped after sweeping the lower-side liquidity and is now trading above the $100K mark. But whatโs next?
There are two possible scenarios:
1๏ธโฃ This could be a bull trap, meant to lure in long positions before another drop.
2๏ธโฃ Or it might be a recovery phase, possibly stabilizing after recent geopolitical tensions.
โ ๏ธ The first scenario currently seems more likely. The market is still unclear in direction, and we may see some fake moves aimed at trapping traders.
๐ Stay cautious! Avoid heavy leverage and consider using smaller position sizes.
๐ As mentioned earlier, this is a decent time to consider spot buying for the long term โ but donโt fall for short-term traps!
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