🔔🔔🔔BTC news:
➡️ BTC saw a modest rebound to the $120,000 level on Wednesday after falling nearly 2% the previous day. The recovery followed a Wednesday morning announcement from U.S. President Donald Trump, stating that the GENIUS Act is ready to be passed by the House during the legislative "Crypto Week," sparking optimism in the crypto market. Additionally, institutional demand remains strong, with spot Bitcoin ETFs recording over $400 million in inflows on Tuesday, extending a growth streak that began on July 2.
Personal opinion:
➡️ BTC will have a technical rebound to gain liquidity before the GENIUS news starts to spread strongly. In the long term, the uptrend for BTC remains the main trend.
➡️ Analysis based on support resistance levels and Pivot points combined with EMA to come up with a suitable strategy
Resistance zone: 120,000 - 122,800
Support zone: 114,702 - 116,000
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