#MarketRebound

📈 Market Rebound Alert 🚀

The market is showing signs of renewed strength—let’s break down the key levels:

🔍 Key Observations:

Current BTC price: ~$109,300, recently breaking back above the $108 K mark after dipping below $100 K four days ago .

Volume spike noted, with a powerful breakout from a wedge pattern on the 4‑hour chart .

💥 Key Price Levels to Watch:

Support levels:

Short-term: $106,000–$106,775 — this zone must hold to maintain bullish momentum .

Critical fallback: $103,400 — a break below signals potential deeper correction .

Resistance levels:

Immediate target: $112,000 — aligns with both Binance w’s technical patterns and wedge breakout projection .

Near-term hurdles: ~$107,000–$108,400 – short-term moving averages .

So, we’ve refined the earlier placeholders:

Level Price (USD) Significance

Support $106,000–106,775 Must hold to sustain rebound momentum

Critical Support $103,400 Below this, risk of pullback increases

Resistance $112,000 Breakout here could extend bullish surge

⚖️ Market Scenario:

Bullish case: If price sustains above $106K and breaks $112K, expect a solid upward trajectory—possibly reaching new highs.

Bearish risk: If BTC fails to hold the $106K range or drops below $103.4K, it may revisit support lower or consolidate.

⚠️ Disclaimer: This is for informational use only—not financial advice. Crypto markets are highly volatile and carry substantial risk. Always conduct thorough research before investing. Past performance is not indicative of future outcomes.