#Bitcoin: Rebounding Strong, but Resistance Looms 🟠📈

Today, Bitcoin bounced back hard, jumping over 3% to reclaim the $105K zone, following a week of volatility and fear. But is this the start of a new leg up — or just a relief rally?

Here’s what’s driving the move:

🌍 Geopolitics Cool Down – A potential Israel-Iran cease-fire has lowered global tension. Markets responded with confidence, and BTC surged after dipping to ~$98K just days ago.

📉 Gold & Bond Yields Dropped – Investors are moving risk-on again. BTC is reclaiming its spot as the preferred asset for high-beta momentum traders.

🧠 Key Levels to Watch

Resistance: $106K – BTC must break and hold above this zone (200-EMA + trendline) for bullish continuation

Support: $104.6K / $103.2K – Lose these, and $100K gets tested again

Next Target: $107K–$108K if momentum holds

💥 Sentiment Flip – Over $500M in short liquidations shows that bearish positioning got wrecked. Smart money often rides these liquidations for fuel.

📊 TA Snapshot

✅ RSI climbing back >50

✅ Bullish morning-star reversal on daily chart

✅ Volume increasing on green candles

🔄 What To Do Now?

🧠 Traders: Set alerts around $106K. Clean breakout = re-entry opportunity. Choppy = wait.

📉 Risk control is key — this could be a fakeout if macro or war headlines flip again.

🪙 Investors: Holding above $100K shows resilience. This dip may age well in hindsight.

Bitcoin is sending a message: I’m not done yet. But the next 48 hours are critical for confirmation.

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