#btc

Bitcoin's Uncertain Future: Bull Trap or Recovery?

Bitcoin ($BTC) has recently pumped after clearing lower-side liquidity, trading above $100k. However, the market direction remains unclear, with two possible scenarios:

Scenario 1: Bull Trap

The current pump might be a bull trap, designed to lure in long positions before a further decline. This scenario appears more likely, given the market's volatility.

Scenario 2: Recovery

Alternatively, the pump could be a recovery from the impact of recent events, such as war. However, the chances of this scenario seem lower.