$BTC
# **Bitcoin at Crossroads: Bullish Rebound or Deeper Correction Ahead?**
### **📉 Quick Price Snapshot**
- **Current Price:** **$116,838** (-2.39%)
- **Rejection Zone:** **$118.5K–$119K** (Key Resistance)
- **Support Levels:** **$116K** (Hold = Bounce) | **$115.7K** (Break = Drop)
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## **🔍 What’s Next for BTC?**
### **✅ Bullish Scenario (If $116K Holds)**
- **Rebound Targets:**
- **$117,200** (First Resistance)
- **$118,000** (Next Major Test)
- **Why?** Buyers stepping in at support, 15m chart shows recovery signs.
### **⚠️ Bearish Scenario (If $115.7K Breaks)**
- **Next Support:** **$114K** (Liquidation Zone)
- **Why?** Failure to hold $116K = More sell pressure.
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## **⚡ Trade Setup (Short-Term)**
| **Strategy** | **Details** |
|--------------------|----------------------|
| **Entry Zone** | $116,200–$116,400 |
| **Take Profit 1** | $117,200 |
| **Take Profit 2** | $118,000 |
| **Stop Loss** | **Below $115,700** |
*(Scalpers: Watch for 15m candle closes above $116.5K for confirmation.)*
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## **💡 Key Insights**
✔ **$118K–$119K = Strong Resistance** (Needs volume to break)
✔ **$116K = Battle Line** (Hold = Bullish, Lose = Bearish)
✔ **Macro Factors:** Fed rate cuts & ETF inflows still supportive