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Crypto Circle Today’s Focus: A Major Rebound Is Here!
Yesterday, there was a devastating liquidation of over 2 billion, but today BTC surged 3-4%, jumping from the low of $75,000 directly back to around $78,000. Ethereum performed even better, rising over 4% and breaking above $2,300.
The DeFi sector led the rally, with Hyperliquid (HYPE) soaring 19%, and Morpho following suit with a 9% increase. Market sentiment has shifted from panic to greed, with clear signs of institutional bottom-fishing.
But don’t get too excited; short-term volatility remains. $75,000 is a strong support level, and if it breaks, we might test $73,000 again. Resistance above is at $80,000.
Looking at this rebound chart, the green candles are strongly pushing upward:
Another upward signal with a rocket icon, crypto is taking off again:
The overall market is taking a breather after a weekend plunge, with macro factors like a slightly easing dollar and a small rise in US stocks helping. Can this rebound continue in the short term? Or is it a false breakout? How are you betting?