#MarketRebound

Real Recovery or Temporary Correction?

💥In recent days, the cryptocurrency market has experienced a significant rebound that has caught the attention of both traders and institutional investors. Bitcoin led the recovery with an increase of over 8%, approaching $93,000, while the total market capitalization of crypto rose by 13% in just one week.

⭐This surge comes after many weeks of corrections and withdrawals, reflecting an appetite for digital assets amid signs of monetary easing from central banks around the world.

👀Also, the prospect of a ceasefire (announced by President Trump) has alleviated market fears, bringing the Fear and Greed index to its neutral position displayed today.

🛢️ Is the Bullish trend here to stay? The market still needs to overcome specific resistances like 100,000$ for BTC, stop the outflows from Ethereum, and for the market to start looking for cryptos like Solana again. Moreover, there remains the issue of low volume in ETFs and macroeconomic uncertainty regarding oil prices and other commodities.

This rebound seems promising, but it is still delicate. The coming days will be crucial to confirm whether we are witnessing the beginning of a new bullish phase or merely a pause in the correction.