I noticed that Bitcoin's rebound is already stalling. After dropping to $60,000 last week, BTC tried to climb back toward $70,000 over the weekend, but since then the momentum has just faded. Now the price is steady around $73.93K, and frankly, the vibe feels like a classic relief rally in a bear market, not the start of a true bullish trend.

What worries me most is the sentiment. The Fear and Greed index dropped to 6 over the weekend, the same levels as during the 2022 crisis. Then it rose slightly to 14, but it still remains too low to talk about safe buying. Add to that the fact that spot volumes on major platforms have decreased by 30% compared to the end of last year, dropping from about $1 trillion to $700 billion. Retail traders are gradually exiting the market, not all at once, which creates a strange situation.

When liquidity thins out like this, just a small selling pressure can generate movements worth thousands of dollars. Without real volume, the price can slide quickly without the usual signs of a true bottom: widespread panic and capitulation. Analysts warn that the key support to watch remains the 200-week moving average and the $60,000 zone. If buyers continue to defend that level, we might see consolidation. Otherwise, the same dynamics that caused the crash could reappear quickly. For now, the market is in stalemate; we’re waiting for the next move.