Crypto Pump or Bull Trap? 🏛️📈
The market reacted quickly after comments from Donald Trump suggesting tensions with Iran may end soon. As oil cooled from $120, $BTC Bitcoin jumped back above $71K.
Quick Breakdown:
• Pump: Likely a short squeeze after BTC held the $60K support.
• Warning: Market is still in a downtrend from the $126K ATH. Without a strong close above $71K, this rally could turn into a bull trap.
My view: Headlines move markets fast, but real de-escalation matters more.
Are you long or waiting for a retest? 👀
BTCUSDT
Διην.
70,960.6
+0.48%