Bitcoin just pulled off a quick 2% rebound climbing back to around $119,200 after hitting a 1.5-week low of $106,396.
But let’s be real the recovery still feels fragile.
Here’s what’s shaping the move:
🔸 Tech stocks dragged sentiment after Meta and Microsoft both hinted at higher spending ahead.
🔸 Rate-cut hopes got trimmed as the Fed kept a cautious tone, reminding everyone that policy easing isn’t guaranteed in December.
🔸 U.S.China trade truce talk helped cool nerves a bit, but analysts are already warning that “structural differences” could limit any real breakthrough.
💬 The takeaway:
Bitcoin’s ability to bounce while tech stocks tumble shows there’s still some dip-buying energy in the market.
But unless bulls can reclaim and hold above $110,500, this move looks more like survival mode than a new breakout.
📊 Keep your eyes on that $110K zone it’s still the line between a short-term bounce and a real trend reversal.
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