#BTCRebound Based on the chart, the following levels are identified:Support Levels:$87,000.00: A strong psychological and technical support, tested multiple times.$86,800–86,900: Secondary support, inferred from lower wicks of earlier candlesticks, indicating where buyers previously stepped in.Resistance Levels:$87,400.00: Immediate resistance, where the price has failed to break above consistently.$87,600.00: Higher resistance, aligning with previous highs and potential selling pressure.$87,800.00: The 24-hour high, a significant barrier for upward moves.These levels are critical for setting entry, TP, and SL, as they represent areas where price action is likely to react.Volume and Volatility AnalysisVolume analysis shows spikes during price movements, particularly during the recent downtrend, suggesting institutional or large trader activity. A decrease in volume during the downtrend might indicate weakening bearish momentum, while an increase could confirm a breakout or reversal. The 24-hour range ($83,949.52 to $87,795.26) suggests moderate volatility, which traders should account for when setting stop losses and take profits.
