There haven’t been any major changes in Bitcoin’s directional structure compared to yesterday.
We saw a rebound while successfully holding the local low set during yesterday’s early morning session, and price action has followed the expected path quite well—reaching into the resistance zone and reacting accordingly.
The recent rebound from the $100,700 low may offer enough of a recovery move, but for a sustained continuation to the upside, we now need to see price hold the first support zone between $103,000 and $102,000, and ideally also preserve the second support around $101,500.
However, even if these support zones hold, failure to break previous highs could still result in another downward leg—potentially leading to a break back below $100K. This is an important scenario to keep in mind.
In short, we still need to determine whether this bounce is:
The completion of a correction wave and the start of a new uptrend
or
Just a temporary rebound before a deeper correction unfolds on the higher timeframe.
Even if we see meaningful bullish movement on the lower timeframes, it must also be confirmed across higher timeframes to be reliable. This is not a zone to hold blindly with blind optimism—whether long or short, if you’re in profit after a solid wave, consider partial profit-taking and manage your position proactively.
At the moment, the market remains in a range-bound structure, with neither the highs nor the lows broken decisively. I recommend using today’s update in conjunction with yesterday’s analysis—it will help you better understand the current structure, improve your positioning, and support your trading decisions.
We saw a rebound while successfully holding the local low set during yesterday’s early morning session, and price action has followed the expected path quite well—reaching into the resistance zone and reacting accordingly.
The recent rebound from the $100,700 low may offer enough of a recovery move, but for a sustained continuation to the upside, we now need to see price hold the first support zone between $103,000 and $102,000, and ideally also preserve the second support around $101,500.
However, even if these support zones hold, failure to break previous highs could still result in another downward leg—potentially leading to a break back below $100K. This is an important scenario to keep in mind.
In short, we still need to determine whether this bounce is:
The completion of a correction wave and the start of a new uptrend
or
Just a temporary rebound before a deeper correction unfolds on the higher timeframe.
Even if we see meaningful bullish movement on the lower timeframes, it must also be confirmed across higher timeframes to be reliable. This is not a zone to hold blindly with blind optimism—whether long or short, if you’re in profit after a solid wave, consider partial profit-taking and manage your position proactively.
At the moment, the market remains in a range-bound structure, with neither the highs nor the lows broken decisively. I recommend using today’s update in conjunction with yesterday’s analysis—it will help you better understand the current structure, improve your positioning, and support your trading decisions.
🔥이룸 스페이스 커뮤니티 가보기!🔥
►►litt.ly/_erum
🔥이룸 스페이스 BB 지표 신청하러 가기🔥
►►litt.ly/_erum
👉Kakaotalk 코인랩스 카톡정보방
►►bit.ly/Coinlabs_Kakao / 비번 1111
👉코인랩스 공식파트너 🔥BingX🔥
►► bit.ly/bingx_coinlabs
►►litt.ly/_erum
🔥이룸 스페이스 BB 지표 신청하러 가기🔥
►►litt.ly/_erum
👉Kakaotalk 코인랩스 카톡정보방
►►bit.ly/Coinlabs_Kakao / 비번 1111
👉코인랩스 공식파트너 🔥BingX🔥
►► bit.ly/bingx_coinlabs
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔥이룸 스페이스 커뮤니티 가보기!🔥
►►litt.ly/_erum
🔥이룸 스페이스 BB 지표 신청하러 가기🔥
►►litt.ly/_erum
👉Kakaotalk 코인랩스 카톡정보방
►►bit.ly/Coinlabs_Kakao / 비번 1111
👉코인랩스 공식파트너 🔥BingX🔥
►► bit.ly/bingx_coinlabs
►►litt.ly/_erum
🔥이룸 스페이스 BB 지표 신청하러 가기🔥
►►litt.ly/_erum
👉Kakaotalk 코인랩스 카톡정보방
►►bit.ly/Coinlabs_Kakao / 비번 1111
👉코인랩스 공식파트너 🔥BingX🔥
►► bit.ly/bingx_coinlabs
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.