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Bitcoin bounced strongly after hitting its worst levels on Monday bringing short term relief to nervous traders. The recovery sparked optimism but the broader crypto market still looks weak and unstable.
Analysts warn the move higher may not last. Samer Hasn from XS.com says crypto markets remain fragile and tense. Many traders are stepping aside while others are being forced out due to sharp volatility. This lack of confidence keeps pressure on price despite the bounce.
The rebound showed energy but conviction was missing. Selling pressure quickly appeared near resistance zones. The move looked more like a temporary relief rally than a full trend reversal. Fear continues to control market behavior and liquidity remains thin.
Hasn believes Bitcoin could still slip below 80000 if sentiment fails to improve. Tight financial conditions and global uncertainty are limiting risk appetite. Investors remain cautious and prefer capital protection over aggressive positioning.
Across the market altcoins continue to struggle. Recent liquidations wiped out over leveraged positions and weakened trader confidence. Such damage often leads to quieter markets and defensive strategies rather than strong buying.
Institutional players are also holding back. Without clear stability large inflows remain limited. Each rally faces selling from participants seeking to reduce risk exposure. This keeps upside momentum capped.
Technical indicators support the cautious outlook. Major moving averages sit above current price and volume during the bounce stayed low. These signals suggest buyers lack strong commitment and downside tests remain possible.
Despite the warning signs Bitcoin resilience still stands out. Buyers continue to defend key psychological levels showing long term belief has not vanished. The market is locked in a power struggle between fear and conviction.
For now caution dominates. Traders are watching support levels closely and avoiding heavy exposure. A deeper dip below 80000 could reset sentiment and attract stronger demand later.
Bitcoin remains at a critical point. The bounce delivered hope but fragility defines the trend. Until confidence returns volatility will stay high and direction uncertain.
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