Eyeing my opinion, the most likely scenario for Bitcoin in the next 48 hours:
• If the price remains above $110,500 and buying momentum starts to increase, breaking $114,900 will confirm the start of a technical rebound towards $118K–123K.
• In case $110,500 is broken, we could see a new test of the $104K zone, which is a stronger support level expected to experience a true rebound from there.
� Note: This analysis is not a recommendation to buy or sell, it is just a potential technical analysis based on current data.