Analysis and Recommendation
$BTC /USDT - Stability of the Support Level and Price Rebound
As expected, the support area between $116,000 and $117,000 has formed a strong defense once again, halting the sharp decline and stimulating a rebound. Bitcoin has now recovered above $119,300, showing early signs of strength after the sell-off.
If the buying momentum continues, we may see a push towards the resistance level between $120,300 and $121,000. However, a rejection at this level could lead to another test of the support level at $117,000. Currently, the market is in a recovery phase, but confirming trading volume will be a key factor for continued upward movement.
Buy and trade from here