📉 $BTC Rebound Watch – Bulls Attempt a Comeback
Bitcoin has dipped below $116,000 but is now showing signs of recovery, currently trading at $116,562.99 (-0.77%). After a sharp drop, price action is forming higher lows on the lower timeframes, signaling a possible short-term rebound. If BTC holds above $116,400, a push toward $117,200 resistance is likely. Caution is advised until a breakout is confirmed.
Trade Setup:
Entry: $116,400 – $116,600
Take Profit: $117,000 / $117,200
Stop Loss: $116,000