$BTC Bounce in Progress – Recovery or Rejection Ahead?
BTC
112,170
-1.08%
Bitcoin has just sharply rebounded from $112,600 to $113,300, showing strength after a clean drop. The recovery candle is strong, but the bulls must turn the area of $113,400–$113,600 into support to continue. A failure here could invite another retest of the lows.
Trade Setup (Continuation of the Bounce):
• Entry: $113,200 – $113,400
• Stop Loss: Below $112,600
• Target 1: $113,900
• Target 2: $114,500
• Target 3: $115,000
