Greeks.live: Bitcoin Faces Key Resistance at $110K–$112K, Bull Trap Still Possible

According to Greeks.live’s daily report, the overall sentiment among traders remains bearish, with analysts cautioning that the recent Bitcoin rebound may represent a bull trap rather than the start of a sustained rally.The report highlights $110,000 and $112,000 as critical resistance levels that BTC must decisively break to confirm bullish momentum. Failure to hold above these thresholds could lead to renewed selling pressure.Traders are also focusing on upcoming macro events, including the Federal Open Market Committee (FOMC) policy decision on October 29, and potential tariff policy measures that former U.S. President Donald Trump is expected to announce on November 1, both of which could inject volatility into the crypto market.