
Could this be a rebound or merely a cunning disguise? From the daily chart, bitcoin has bounced up from a recent low of $98,240, which, for reference, is a lot of bananas. After being savagely walloped down by a selloff that would make Cut-Me-Own-Throat Dibbler flinch, it dashed past $106,000 aided by, naturally, a bullish engulfing candlestick—because nothing says “confidence” like a pattern named after an aggressive hug. Support stands at $98,240, resistance at $112,000, and the bulls are lurking like librarians eyeing overdue books. Buyer volume is wary but, like Nobby Nobbs on payday, seems inclined to stick around.