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This morning, BTC touched $94,000.
From 84K surged to 94.5K, a rebound of 12.5%. On social media, everywhere is shouting: The bull is back!
But calmly thinking about it, at the 94,588 level, is it really a new starting point or a stage top?
Here are the data points:
• BTC price: started at 84K, now around 94K
• Market Fear Index: still at 26, sentiment hasn't warmed
• ETF net inflow yesterday was about $150 million, with a 25 basis point rate cut almost confirmed
The data shows an increase, but fear is still there. How far do you think this rebound can go?