Crypto Market Rebounds on Technical Relief, but Sustainability Remains Uncertain. 📈
📊Major cryptocurrencies, led by $BTC and $ETH , have rebounded after sharp sell-offs, driven largely by oversold technical conditions, short-covering, and liquidation of bearish positions. BTCs recovery from sub-$60,000 levels has improved short-term sentiment, while select altcoins have followed with uneven strength.
📊The rebound appears to be more of a technical relief rally than a confirmed trend reversal. Indicators such as RSI signaled extreme pessimism, prompting bargain buying, but strong resistance remains near key psychological levels. Analysts caution that without sustained volume and follow-through, gains could fade.
📊Macro factors continue to play a central role. Risk appetite, equity market stability, and institutional ETF flows will determine whether the rebound extends or stalls. While some on-chain data points to accumulation and potential bottoming, volatility remains high.
👉 Bottom line: the crypto market is stabilizing after capitulation, but confirmation of a durable recovery will require stronger macro support and sustained buying momentum.
{spot}(SOLUSDT)
