#MarketRebound #CPIWatch #TradeCryptosOnX
.Market rebound seems to be on the cards, but let's break it down. The Crypto Fear and Greed Index has plunged into Extreme Fear, historically a capitulatory zone. This often marks exhaustion of sellers, but doesn't guarantee a rebound ¹.
*Current Market Sentiment:*
- _S&P 500_: Down 0.18% at 6835.60
- _Nasdaq_: Down 0.16% at 24720.00
- _Bitcoin_: Trying to hold above $63,000 after a brief flush below $62,200
- _Ethereum_: Showing similar consolidation patterns
*Key Factors to Watch:*
- *Bitcoin Dominance*: If it keeps rising while alts bounce, capital is still hiding, not rotating
- *Funding Rates*: Deeply negative funding needs to normalize
- *Key Level Reclaim*: Bitcoin holding above $63,000 on daily closes matters
Some altcoins are already bouncing, like PIPPIN (+116%), Humanity (H) (+39%), and RIVER (+32%). But remember, this isn't a broad recovery yet, it's a stress test ¹.
Want more details on specific coins or market coment here$BTC $XRP
