buy

Bitcoin Rebounds to $118k — Momentum Favors Bulls, Volatility Remains

I see Bitcoin staging a strong rebound and reaching $118,000, signaling renewed bullish momentum after the recent pullback.

I believe this move is driven by a mix of renewed risk appetite, institutional flows and short-covering, but I remain mindful of elevated volatility and potential profit-taking near round-number levels.

I will watch price action for follow-through and recommend measured entries with clear stops and position sizing to manage downside risk.

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Analysis

Price action suggests bullish momentum supported by inflows and short-covering, yet the rapid run-up increases the chance of near-term retracements; monitor volume, derivatives gamma and macro cues fo...

Recommendation

I recommend a cautious buy stance for risk-tolerant investors: add gradually on momentum or pullbacks with stop-losses and limit position size to manage volatility.

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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