#ReboundRally after a significant drop, usually caused by a market correction, technical factors or news background.
Bitcoin (#BTC )
Current situation:
• Bitcoin has recovered from a downtrend, rising above the key level of $101,000.
• The main drivers are the activation of long-term investors, the closing of short positions and the expectation of regulatory news regarding the Bitcoin ETF.
• Support: Support zones at the levels of $98,000–$99,000, which have held back the decline.
• Resistance level: $105,000 is a key limit, overcoming which can open the way to new highs.