🔥 $BTC bounces amid the buzz of the Asia conference — Is this the start of a new wave?
📈 Current price: above $113,000
📉 Drop from previous peak: -12% from $124,474
📊 Technical support: 100-day moving average at $110,884
📌 Immediate demand: Neutral
📌 Futures: Bearish but weak
🎯 _What’s happening?_
- The Bitcoin Asia conference in Hong Kong ignites excitement, with 15,000 attendees and 200 global speakers
- Asia leads global cryptocurrency adoption at 43%
- Technical momentum is weak, but support at the moving average has restored some confidence
🧠 _Is this a real bounce?_
The current bounce is event-driven, but volume and immediate demand indicators are still hesitant.
Moving above 113K is good, but holding above 115K will be a stronger signal to resume the uptrend.
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