🔥 The market is showing signs of life after testing $60,000, and users are looking for confirmation of whether this is a "dead cat bounce" or the start of a real recovery.
📈 Real bounce or bull trap? Analyzing the
#MarketRebound after a first week of February marked by panic and massive liquidations exceeding $2.6 billion, the crypto market is finally breathing.
$BTC has managed to reclaim the $69,000 mark, dragging the rest of the altcoins along in a necessary relief.
What is driving this bounce?
* Exhaustion of selling pressure: Liquidations of long positions have drastically cooled down. After the "washout" of weak hands, the market has found a temporary technical floor where whales have started to absorb the supply.
* Retail Accumulation: While institutions showed caution at the beginning of the month, data shows that small wallets added over $600 million in
$BTC during February, demonstrating that retail continues to see value in the dips.
* Macro Factor: The pause in the Federal Reserve's aggressiveness and the expectation that inflation will stabilize at 2% by summer is returning the appetite for risky assets.
Key levels to watch:
* Critical resistance: $70,884 for
$BTC . If we close the day above, the bias will officially shift from bearish to neutral/bullish.
* Safety support: $68,000. Losing this level would invalidate the current bounce and take us back to retest the $60K lows.
💡 Square Strategy:
Sentiment remains in "Fear," but historically, buying when fear is high and the market bounces from key supports has been the most profitable strategy. Don't trade on emotion, trade on levels!
#MarketRebound #CryptoAnalysis"
#BinanceSquare #Bullish