$BTC #Binance #analises Bitcoin is trading around $106,000 USD as of Monday.
It has gained ~4 % over the past 24 hours.
It recently bounced after testing a significant support level near $99,000.
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✅ What’s Driving the Move
1. Improving macro sentiment – Progress in the United States Senate advancing a funding bill has eased risk-off sentiment, helping BTC recover.
2. Technical breakout – Bitcoin breached a short-term bearish trend line and moved above its 50-day exponential moving average (EMA50), which is considered bullish.
3. Strong support held – The ~$99K level has proven resilient, giving some confidence to buyers.
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⚠️ What to Watch / Risks
Even though the rebound is positive, the 4 % rise is still modest given how far Bitcoin fell earlier — caution remains.
If Bitcoin falls back below the ~$99,000 support, it could trigger a deeper pull-back.
External risks: macroeconomic data, regulation, and liquidity events could reverse the move quickly.
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🔍 Technical Levels to Keep in Mind
Support: ~$99,000 — the recent retest point.
Resistance: ~$106K–$107K zone — current trading area and near-term ceiling.
Trend bias: As long as Bitcoin remains above its recent breakout (~$104,400) and holds the support, the bullish case remains intact.
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📝 Bottom Line
Bitcoin’s recovery today is encouraging — it shows that support is holding and that sentiment is improving. However, the technical break is still early and the market remains vulnerable. If you’re trading or investing in Bitcoin, you might adopt a cautious bullish stance: look for confirmation in coming days, keep stop-losses ready in case of breakdown, and don’t assume a full strong rebound yet.
> Note: This is not financial advice — always do your own research or consult a professional before acting.
