Bitcoin's rebound continues, with oscillating upward movement as the main theme
Currently, the two-day level rebound of Bitcoin has not ended, and this round of increase is expected to last at least another two weeks. However, the market will not show a one-sided rise, and there will still be small-level pullbacks during this period, with the overall trend primarily being oscillating upward.
The altcoin market is still in an active phase, and some coins have seen significant short-term gains. Investors should be wary of chasing high prices for those assets that have rapidly surged in the last two to three days. Once a correction occurs, some overheated assets may experience violent fluctuations, so investors need to remain cautious.
From a technical perspective, the key resistance levels for Bitcoin at the daily level are located at approximately $120,000, $131,610, and $150,000. Key support below is focused on the $111,600, $107,200, $105,565, $101,000, and $97,283 range. If the market can maintain support during pullbacks, the upward trend will continue.
