Bitcoin ($BTC ) recently surged after sweeping the lower liquidity zone and is now trading above the $100,000 mark. At this point, there are two possible scenarios unfolding.
First, this could be a classic bull trap — the kind of move designed to lure in long positions before reversing sharply to the downside after a small rally.
Second, the market might be starting to recover from the recent geopolitical tensions, such as the war, and regaining strength.
Right now, the first scenario — a bull trap — seems more likely. The overall market direction remains uncertain, and we’re likely to see some fakeouts and misleading moves aimed at catching traders off-guard.
In such conditions, it's wise to stay cautious. Stick to smaller position sizes to manage risk effectively. As I’ve mentioned before, this could still be a good opportunity for spot buying, but avoid chasing every move. Stay sharp and don’t fall into the traps.
