$BTC
– DEAD CAT BOUNCE OR REAL REVERSAL?
BOUNCE FROM 111.9K LOWS
BUT 114K STILL ACTS AS STRONG RESISTANCE
$BTC bounced sharply after hitting the 111,920 support level, reclaiming the 113.5K area. However, price is now nearing a key resistance zone around 114K, where bears previously dominated. This move could face rejection if bulls fail to break higher.
Short Entry: 113,500
Target: 112,300
Stop Loss: 114,200
Watch for weakness below 113.6K to confirm bearish continuation.
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