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Dead cat bounce to $118K? 5 things to know in Bitcoin this week

Bitcoin rebounded into the new week as bulls were challenged to squeeze out shorts and avoid filling the $102,000 candle wick on Binance.

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💡 DMK Insight

Bitcoin’s recent rebound is more than just a technical bounce; it’s a test of resolve for bulls who are now facing the dual challenge of pushing prices higher while keeping shorts at bay. The looming $102,000 candle wick on Binance serves as a haunting reminder of the volatility that can shake even the most steadfast investors. As traders navigate this tightrope, the market’s reaction could signal whether we’re in for a sustained rally or another round of profit-taking. In this game of cat and mouse, patience and strategy will be key.

📮 Takeaway

Watch for price action around the $102,000 wick; it could dictate the next trend.

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