Bitcoin is trading above $118,000 after a strong rebound from the $115,700 support level. The market structure looks healthy, with buyers stepping in and building momentum.
We are now approaching a critical resistance zone at $118,500. A breakout here could open doors for a test of $120,000 and beyond in the short term.
Momentum indicators suggest strength, and short-term bulls are starting to dominate. Stay alert for confirmation candles and volume spikes! 🚀