Bitcoin rebounded above the crucial $111,000 level this week after a tumultuous October that saw prices dip to $102,000 during the Black Friday crash. While some analysts caution of a potential short-term “dead cat bounce” before a possible retest of lower levels, bullish sentiment is growing with traders noting the return of short squeezes and positive technical signals. Key takeaways from this week’s developments include: 1) Bitcoin bulls see relief rally hopes, but $118K may be a trap. 2) US CPI data release despite government shutdown will impact Fed rate cut decisions. 3) Leverage is returning to the crypto market after October’s significant liquidation wave. 4) Bitcoin dominance faces reversal as altcoins prepare for recovery. 5) The risk appetite for crypto assets remains cautious but positive as traders watch key events unfold.