$BTC Eyes Recovery – Bounce or Just a Dead Cat?
$BTC is currently trading at $107,524, after rebounding from a sharp dip near $107,150. Price is trying to reclaim intraday resistance, but momentum remains fragile.
Key Levels to Watch:
• Resistance Zone: $107,600 – $107,850
• Support Zone: $107,150 – $107,000
Bullish Scenario:
If BTC breaks and holds above $107,850, potential upside targets are:
• Target 1: $108,200
• Target 2: $108,500
Bearish Scenario:
If the bounce fades and price falls below $107,150:
• Target 1: $106,800
• Target 2: $106,250
Market Sentiment: Bearish trend easing, but still under key resistance. Traders should wait for breakout or rejection confirmation before positioning.