Bitcoin is bouncing back, but I'm still not bullish.

Even though Bitcoin $BTC has returned to the $77,000 zone, I'm still not really optimistic about the current market. To me, the ideal price range to consider buying the dip is still around $35,000, where risk and reward seem more balanced.

On the surface, crypto feels pretty lively. Meme coins and some small altcoins are constantly pumping, giving the impression that the market is 'blossoming'. But I see most of this surge as more of a bubble than sustainable cash flow.

Besides Bitcoin and Ethereum, many large-cap altcoins like DOGE and SOL are still pretty sluggish, lacking clear momentum. So, I don't want to rush into buying at this level.

For me, this market feels like it's been in a downtrend for too long, so it can't drop much further temporarily. A bounce like this is sometimes just a way to pull in that last bit of liquidity, luring retail investors back in with FOMO, only to leave them stuck halfway up the mountain for another year.
#BTC