Dead Cat Bounce to $118K? 5 Things to Know in Bitcoin This Week

Why It Matters

The outcome will signal whether market sentiment shifts toward renewed upside momentum or a resumption of downward pressure, influencing leverage-driven positions and institutional flows.

Summary

Bitcoin staged a rebound at the start of the week, with bulls trying to force short-covering while defending a critical $102,000 wick on Binance. Traders are eyeing a potential retest of the $118,000 level, though analysts caution the move could be a fleeting “dead cat bounce” amid persistent volatility. The outcome will signal whether market sentiment shifts toward renewed upside momentum or a resumption of downward pressure, influencing leverage-driven positions and institutional flows.