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$BTC REBOUNDS FROM DOWNSIDE WICK – SHORT-TERM BULLISH MOVE POSSIBLE

Bitcoin has bounced off a local low with a strong wick rejection, signaling potential buyer interest around the $117,300 zone. This could trigger a short-term relief rally toward the $118,500 region if momentum holds. The risk-reward ratio favors bulls here, with a tight stop just below recent lows.

Trade Setup (Long Bias):
• Entry Zone: $117,700 – $117,800
• Stop Loss: Below $117,300
• Target 1: $118,250
• Target 2: $118,500

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