Last night bitcoin:native broke below 60k, now it has climbed back above 60k, still down about 2.9% in 24h. The whole market followed the drop, $ETH $1621, $SOL $67, and also rebounded back.

The most worrisome scenario last night did not fully materialize, $59K did not accelerate downward, bulls held the line temporarily.

Micron's earnings are the core variable. Based on the current market reaction, it doesn't look like a blow-up trend. BTC managed to return from around $59K to above $60K, indicating at least no new major negative news. But don't be too optimistic; 60k was previously support, now it has become resistance that needs to be re-established.

The shockwave from TSMC's price hike is still ongoing, PCE data hasn't been released yet, and the Fed has shown no signs of easing. Structurally it's still weak, just temporarily no new catalyst for further selling.

Whether 60k can truly hold, just watch the next couple of days. Only if it holds can we talk about a rebound foundation; if it doesn't hold, it will test $57K-$58K .

DYOR not investment advice.