BTC Market Update – Caution Ahead!
Bitcoin pumped$BTC after clearing the lower side liquidity and is now trading above $100K. At this point, there are two possible scenarios:
1. This could be a classic bull trap – a quick pump designed to lure in long positions before the market dumps again.
2. Or, it might actually be recovering from the recent impact of war-related news.
Realistically, the first scenario seems more likely right now.
The market direction$BTC is still unclear. We’re likely to see some fake moves aimed at trapping traders on both sides. Only a strong piece of news – positive or negative – can give a clear direction.
In these kinds of situations, it’s smart to use small position sizes. As I mentioned earlier, this is a good time to accumulate spot positions slowly. Don’t fall for the traps – stay patient and protect your capital.
Trade safe.#BTCBreaksATH #BTC #Write2Earn #BinanceTurns8 #BinanceHODLerLA