🚀 Bitcoin Bounces Back — Bulls Ready for Takeoff?

After diving to $103K, Bitcoin is bouncing — but can it blast through $106.8K and fuel the next leg up? Let’s break it down 🔍👇

📉 The Drop:

• BTC got rejected (again) at $110K

• Crashed through $106.8K and $105.5K

• Hit a local low at $103,078 — bulls gasped 😱

But then… liftoff sparks.

🔁 The Rebound:

• Price now at $105,800, right on the 100-hour SMA

• Broke out of a bearish trendline on hourly 📈

• Regained ground above the 23.6% Fib retracement

🚧 Resistance Ahead:

• ⚡ First barrier: $106,000

• 🧱 Big test: $106,750 (50% Fib)

• 💣 Break above $107,500 = bullish ignition

Next stop? $108K → $110K

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⚠️ Or… Another Fakeout?

If BTC fails to flip $106,750, expect a pullback:

• ⚠️ Support 1: $105,000

• ⚠️ Support 2: $104,200

• 🚨 Danger zone: $103,200 → $102,500

Break that, and yes — sub-$100K BTC is back on the table. 👀

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📊 Technical Heat Check:

• MACD: Still in the red 🔻

• RSI: Bouncing back above 50 💪

• Structure: Reversal possible, but resistance must break

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🧠 TL;DR:

• Bounce is real, but breakout isn’t confirmed

• $106.8K is the line in the sand

• Above it = bulls fly

• Below it = bears try again

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📣 Trader Tip:

“Support isn’t support until it holds. Resistance isn’t resistance until it breaks.”

Watch $106.8K like a hawk. 🦅

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