BTC has retested 65K, but for now I wouldn't call this a “full-market rebound.”

The reason is simple:

BTC is rising,

ETH is also relatively strong,

but many altcoins still haven't followed.

This shows that capital isn't broadly betting on high-beta assets right now, but is instead clustering in large-cap coins like BTC and ETH, which have better liquidity.

I think this is actually more worth watching than how much BTC rises.

A genuine bull-market rebound usually doesn't involve only the top two moving.

If BTC holds above 65K from here, while SOL, XRP, and the altcoin index all start strengthening in tandem, that would show that risk appetite has truly returned.

If BTC keeps rising while altcoins remain flat, I'd rather interpret it as:

Capital is seeking safety, not celebrating.

So at this point, I won't rush into small-cap coins just because BTC has posted one upward candle.

First, let's see whether capital broadens out.

‍$BTC $ETH #比特币 #山寨币