I just saw that Bitcoin tried to reach $70,000 a few days ago but ended up retreating to $68,300. It's interesting because it represents the strongest attempt since February to recover that key level, but it didn't break through. Right now, it's hovering around $74,000 with a slight pullback of 0.95% in the last 24 hours, so it remains an important level to watch.

What really caught my attention was that the altcoins led the upward movement. Ethereum rose 8.5%, Solana gained 6.9%, Cardano shot up 10.8%, and Dogecoin added 8.3%, while Bitcoin only increased by 4.3%. That’s a clear divergence that typically indicates risk appetite is returning and traders are seeking more aggressive moves. Although today we see ETH down 2.89%, SOL down 3.57%, and ADA down 1.72%, the rotation pattern toward altcoins was quite evident at that moment.

What worries me is the macroeconomic outlook. The supply of stablecoins is stagnant, Nvidia’s earnings weren’t strong enough to sustain a rally in tech, and data suggests that if Bitcoin falls below $60,000, we could see cascading liquidations down to $50,000 or even $47,000. So, although the short-term rebound looks good, the medium-term trend remains uncertain. There’s a lot of space between the current recovery and a real confirmation that the worst is over.