I just noticed that Bitcoin's V-shaped recovery coincides with the reversal of the Nasdaq during U.S. trading hours. The BTC price rose to nearly $77,600 after declining in the morning, reflecting a clear movement of the growth stock market.

What’s interesting is that this pattern is not a full trend reversal but a buy-the-dip strategy. Bitcoin, as a beta-hessian asset, truly responds more to risk capital flows and liquidity than fundamentals.

Bitcoin’s market value has expanded to over 56% of the entire crypto market, indicating that funds are consolidating into leading assets rather than dispersing into altcoins in an uncertain environment. This is a risk-averse movement.

However, what’s concerning is that sentiment indicators remain in extreme fear territory. Even though prices are recovering, this is a notable divergence: prices are rising, but market sentiment remains cautious. A sustainable recovery requires sentiment to normalize; otherwise, volatility will remain high.

From a macro perspective, oil prices and inflation concerns continue to drive movement. Morning geopolitical developments created worries, but the market has already adjusted upward. This suggests the recovery is driven by repositioning rather than risk-off exits.

For traders, the $77,600 level is a new resistance point. A clear close above this level would change the short-term trend. Breaking through requires continued support from the stock market and improved sentiment.

Since Bitcoin is a beta-hessian asset, Nasdaq’s movements are a key indicator. If the S&P continues to rise while Nasdaq stalls, it could signal waning risk appetite.

Today's recovery is positive in the short term but not yet a confirmation of an uptrend. Next week’s inflation and employment data will be crucial in determining whether this recovery continues or is just a temporary rebound.