🔥 $BTC

— Range-Bound but Bulls Regaining Control!

Bitcoin continues to trade sideways, staying range-bound until further notice, as it sweeps its local highs for the first time since the post-liquidation bounce on October 10. This signals early signs of strength — but not full reversal confirmation yet.

🔹 Key Zone to Watch:

The $116K level remains the critical resistance to reclaim. A decisive break and hold above this area would officially flip the market structure bullish on this timeframe and end the current correction phase.

🔹 Technical Outlook:

✅ Price has broken above the 4H 200MA & EMA, both of which had acted as strong resistance since the recent decline.

⚠️ Sustaining above these moving averages is crucial — a retest and bounce here would confirm bullish continuation.

🕒 Range remains intact, with 115K–111K as the short-term consolidation zone.

Overall, momentum is shifting in favor of buyers, but confirmation lies in whether BTC can conquer $116K — that’s the gate to the next leg up. 🚀