According to @CrypNuevo, Bitcoin (BTC) is likely to experience a strong bounce either from the current level at the 1D50EMA or from the $110,000 price zone if reached. The author highlights that a repeat of January's 20% correction is very unlikely due to significant changes in market structure and context. This trading analysis suggests a more bullish outlook in the near term, reducing the probability of a major downside move based on current technical and structural factors. Source: @CrypNuevo