Bitcoin hit $116,000 overnight, i suppose a strong rebound following heavy volatility. The price moved back above all key support levels, sweeping the stops I mentioned earlier. At that time, I highlighted the $104,500 zone, and that’s exactly where we went before reversing.

Liquidations kicked in, order book liquidity was thin, and many traders simply got washed out with leverage.

Despite that, the bullish structure is still holding, and the market seems to be stabilizing.

Key Levels:

- Support - $111,000

- Resistance - $118,000

For now, I expect BTC to range within this zone while participants recover from the recent volatility spike and rebuild their positions