$BTC Bitcoin Attempts a Rebound – Is the Recovery Real or Just a Relief Rally?

Bitcoin (BTC) has bounced from the $102,838 level after a sharp drop from $104,319. On the 5-minute chart, we see a short-term rebound as RSI and Stoch RSI rise from oversold territory, suggesting a possible technical recovery.

However, the volume is weakening during the bounce, and MACD remains bearish—hinting that this might be a temporary relief rather than a full reversal. BTC is currently testing the mid-Bollinger Band area around $103,600. A rejection here could lead to another retest of $102,800.

Meanwhile, Bitcoin Dominance (BTCDOM) is slipping, which could signal altcoins preparing for a stronger move if BTC stabilizes.

Short-term outlook:

Resistance: $103,600 – $103,900

Support: $102,800

Watch for volume confirmation before considering strong long entries.

Trade safe and keep your SL tight—volatility is not over yet!