Woke up to see Bitcoin directly break above $61,000! 😱

Yesterday it was still hovering around $58,000, with a low at $57,779, and now it's pulled back over $3,000 overnight, with a daily gain of over 4%. This reversal is something else. 📈

What's going on?
Fed Chair Waller softened his stance at the European Central Bank forum last night—saying "inflation expectations have fallen over the past four weeks, and inflation risks have eased."
Although he still emphasized that inflation is too high and didn't reveal whether rates will be hiked in July, the market took it as positive news, sending the two-year Treasury yield down to 4.15%, and risk assets rebounded across the board.

As for Bitcoin spot ETFs, another $295 million flowed out yesterday, with BlackRock's IBIT seeing a single-day outflow of $219 million—marking the 10th consecutive day of net outflows. ETFs are bleeding, but prices are rising. Who's buying? Think about it yourself.

$ETH : Currently around $1,638, up about 1.85% in 24 hours. Ethereum spot ETFs finally turned positive yesterday, with a net inflow of $14.89 million—the first reversal after nine consecutive days of net outflows. BlackRock's ETHA saw a single-day inflow of $36.63 million. The daily MACD bullish energy bars are still expanding, with resistance around $1,646.

$SOL : Currently around $78.7, up about 1.69% in 24 hours. It has rebounded about 16% in the past week, with on-chain activity approaching the year's highs. On the daily timeframe, the upper Bollinger Band at $79.4 is a short-term resistance level.

But guys, don't get too excited just yet. The Fear & Greed Index is still at 19. Bottoms often appear when fear is at its peak, but bottoms are also rarely marked by just one spike.

What do you think? Is this bounce a reversal or a bull trap? 👇👇
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