The question is what are the factors that drove the market to rebound.
Indicates an important current situation 👇
🔄 Collective recovery in the market — driving prices up.
• Bitcoin has strongly returned above $93,000 after dropping in recent days to around $84,000–85,000.
• Ethereum also regained a level of ~ $3,000 — gains estimated at about 8–9%.
• The overall market return: market capitalizations have recovered, estimated to have risen to about $3.13–3.16 trillion.
• Altcoins — not just the 'big ones' — also saw gains: Coins like Solana (SOL), Cardano (ADA), and possibly SUI and Chainlink registered double-digit gains in the range of 10–13%.
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📣 Catalysts for the rise — Why did this recovery happen
• Part of the rebound was due to short liquidations: When the price of Bitcoin rose above a key resistance level, the closing of positions caused buying pressure that boosted the rise.
• Institutional entry / recovery after regulatory / investment news: Some reports indicated that recoveries in liquidity / money markets helped restore investor confidence.
• Improvement in overall sentiment (risk-on sentiment): After a wave of decline, mood improved, prompting investors to re-enter high-risk assets (cryptos).
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⚠️ Despite the rebound — the market is still fragile
• Despite the rise, some technologies and analyses suggest that the rebound may be a 'temporary liquidation' and not a change in the overall trend.
• Market sentiment remains cautious: Despite the gains, the Fear & Greed Index is still low, which means that investors are not 'fully optimistic yet'.
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🔎 What does this mean for investors now?
• If you own major coins (like Bitcoin or Ethereum) — the recovery may be an opportunity to lock in profits or reassess your position.
• If you're thinking of entering altcoins — the collective reversal provides an opportunity, but remember that volatility is still high.
• It's important to monitor the level of $93,000 (for Bitcoin) and $3,100–$3,200 (for Ethereum) as 'critical levels': If surpassed consistently, the trend may be upward; if it fails — a return to volatility is likely.
Final note ♦️ Bitcoin at 107 this area is very dangerous 🚨 Keep them alert and closely monitoring it, a major correction is likely 〽️.
