Bitcoin has rebounded from a sharp correction, securing above the crucial $103,000 support level as traders capitalize on bullish sentiment. This recovery follows a 7% decline from its recent peak near $111,000 USDT. Market participants reacted positively to Bitcoin’s bounce within a high-probability support zone. Technical analysis suggests this rebound may signal the end of a correction phase. The current stability at $103,000 aligns with a crucial weekly gap, creating potential for a reversal. Traders are targeting $107,000 as a short-term target, driven by positive sentiment and long entries near $101.9K. These positions reflect confidence in the bullish outlook despite recent volatility.