BTC – Bounce Off Daily Support, Eyes on Supply

[theSignalyst]

Bitcoin has bounced from the daily support area (the broad green zone around $110K–$112K), reclaiming the intraday breakdown zone near $114K and turning it into support on lower timeframes. As long as price holds above $112K–$113K, the short-term bias remains constructive and I am looking for continuation toward $118K, followed by the $121K–$122K supply zone highlighted on the chart.

If buyers fail to defend $112K–$113K, the rebound loses momentum and the door reopens for a deeper retest of the daily support around $110K and potentially the lower band near $107K–$108K.

️ Disclaimer: This is not financial advice. Do your own research and manage risk.
All Strategies Are Good; If Managed Properly! ~Richard Nasr.