⚠️ BTC Tests Strength After Bounce from 111K — Downtrend Risks Still Loom
Bitcoin pushed slightly higher from ~ $111,000 to $112,000, but the upward move looks fragile. The rally hasn’t confirmed a reversal yet, leaving the downside risks intact.
📉 Current Situation:
The bounce to 112K may be just a short-term “dead cat” move, not a strong uptrend.
Resistance around 112K is proving tough to break decisively.
A slip back below established support zones could drag BTC lower again.
🔍 What to Watch:
Keep an eye on whether BTC closes materially above 112K with volume — that might indicate strength.
If it fails and drops below ~ $110K, the next support zones (~ $108K or lower) come into play.
Derivatives (liquidations), macro sentiment, and news flow remain big risk factors.
📌 Conclusion: BTC’s move from 111K to 112K shows some buying interest — but not enough to confirm a trend shift. As long as resistance holds and support zones are under threat, the market remains risky.
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