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BTC

Bitcoin Rebounds to $118,000 — Bullish Momentum Resumes

I see Bitcoin's rebound to $118,000 as a clear resumption of bullish momentum after the recent pullback. The move suggests buyers are re-entering aggressively and price is testing higher resistance levels.

I remain constructive but cautious: the upside looks meaningful while volume confirms the move, yet short-term volatility can produce quick retracements. I would scale exposure rather than fully commit at current levels.

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Analysis

The rebound to $118k indicates renewed demand and favourable market structure if accompanied by above-average volume. Key supports lie near prior consolidation (around $100k) and immediate resistance ...

Recommendation

I recommend a cautious buy: add gradually on strength or on modest pullbacks, keep position sizing disciplined, and use stops to protect against rapid reversals.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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