๐จ $BTC Surges Past $100K โ But Is It a Bull Trap? ๐ฐโ ๏ธ
Bitcoin has pumped after sweeping lower-side liquidity and is now trading above the $100K mark. But donโt get too comfortable just yetโฆ
Two possibilities lie ahead: 1๏ธโฃ This could be a classic bull trap, luring in long positions before a deeper drop.
2๏ธโฃ Or it might be a recovery from recent geopolitical tensions (e.g., the war).
๐ Right now, the first scenario seems more likely โ the market remains uncertain, and fakeouts are expected as it seeks direction.
A strong news catalyst (good or bad) could shift momentum fast.
๐ฏ Strategy Tip: Use small position sizes, stay cautious, and as I mentioned before โ itโs a smart time to accumulate spot positions gradually.
๐ Donโt chase pumps. Stay patient. Stay sharp.