BTCUSDT is rebounding sharply from the support level after rebounding above the accumulation zone, signaling renewed bullish momentum. The market structure forms an upward channel supported by a dynamic trendline that aligns with previous impulse legs. A sustained move above 113,000 could confirm a continuation toward the key resistance area near 119,650.Broader momentum points to buyers regaining control as Bitcoin builds strength for a potential breakout from consolidation.
⚠️ Risks:
Failure to hold above 112,600 may trigger another corrective phase.
Federal Funds Rate could weaken bullish traction.
Resistance near 119,650 might cap gains before a confirmed breakout.
Trade at your own Risk 👍
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