๐ $BTC Bitcoin Rebound Snapshot
- After dipping to *98,200* amid geopolitical tensions, BTC surged back above *101,200*
- Itโs currently consolidating within a *descending channel*, with key levels:
- *Support:* ~100K (if broken, potential dip to 92K)
- *Resistance:* ~107Kโ112K โ a breakout could spark another upward surge [1]
๐ What This Indicates
- The recent rebound suggests short-term stabilization, but momentum depends on holding above 100K.
- Geopolitical risk sentiment still weighs on the market, though institutional demand remains intact.
๐งญ What to Watch
1. Support at100K โ its hold is crucial for sustained momentum
2. Resistance at ~107โ112K โ a breakout could reignite the rally
3. Sentiment Volume โ rebounding trading volume and improving sentiment may confirm a bullish trend
Bottom Line: Bitcoin has rebounded with a short-term boost, but remains range-bound. A sustained breakout above107K could lead to renewed upside, while a dip below $100K might trigger fresh consolidation. Traders should stay alert to price action and market sentiment.
