$BTC /USDT โ SHARP RECOVERY OR DEAD CAT BOUNCE? ๐ง๐
Bitcoin just rebounded sharply after plunging to the $100,372 zone, now hovering near $103,225. While the bounce is strong, it comes after a steep dump, which could be a classic relief rally. Bulls need a confirmed break above $104,000 to regain short-term control. Until then, caution is key โ this could still be a bear trap zone.
๐ Trade Setup
Entry (Short-term Long): $102,800โ$103,300
TP1: $104,200
TP2: $105,000
SL: $101,800
๐ Support: ~$100,370
๐ผ Resistance: ~$104,000