#GuessBTCsBottom $BTC Bounces Back! Is This the Rebound We've Been Waiting For? 🚀
The market never sleeps, and BTC is proving that yet again. Let's dive into the 1-hour chart and analyze what's happening with Bitcoin right now. Spoiler alert: It looks like we're witnessing a strong rebound! 🔥
What’s Going On?
1. Rebound from $89,256:
BTC found a solid support level at $89,256, which stopped the recent bearish momentum. Buyers clearly saw this as a bargain price, and we’ve bounced back quickly to $91,675.
2. Immediate Resistance at $91,863:
This level is the first hurdle BTC needs to break. A successful push above it could take us to the next resistance zones: $93,333 and $94,803.
However, we need volume to pick up to sustain this move.
3. Support Levels to Watch:
If BTC pulls back, $90,392 will act as the first line of defense.
Below that, $89,256 remains a crucial support zone—losing this level could trigger more selling pressure.
What’s the Sentiment?
This rebound feels bullish but cautious. Buyers have stepped in, but the market still needs to confirm this move with a break above resistance. The RSI at 37.28 suggests BTC is coming out of the oversold zone, hinting at further upward momentum.
What Patterns Do We See?
The V-shaped recovery from $89,256 is a good sign that buyers are regaining control.
A breakout above $91,863 would confirm this as a strong rebound, opening the door for higher levels.
What’s the Strategy?
Buying Zone: If you’re looking to enter, $90,392–$91,000 is a good accumulation range.
Target Levels: Watch for a breakout above $91,863 to aim for $93,333 or even $94,803.
Stop-Loss: Place it below $89,256 to manage risk.
what's next
$BTC is showing signs of strength, but the next few hours are critical. If we break resistance, bulls could take control and drive the price higher. If not, we may see another test of support.