Bitcoin is showing strong short-term bullish momentum after a sharp bounce from the key demand zone (S2), forming higher lows and a strong impulsive move.
Price is now approaching major resistance near R1, aligned with the 200 EMA. A breakout could trigger further upside, while rejection may lead to a healthy pullback toward S1 before the next move.
The bias remains cautiously bullish as long as price holds above rising trend support. Stay ready to capitalize with smart entries and proper risk management.
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