Crypto Market Recap: **Macro Overview: Signs of Stabilization** The Middle East situation shows signs of cooling down, oil prices are retreating, and the dollar is relatively stable. While the U.S. PPI came in stronger overall, core PPI was below expectations, indicating that inflationary pressures haven’t worsened further. This environment isn’t a strong bearish signal for risk assets to continue crashing; instead, it feels more like a breather from panic. However, the crypto market’s liquidity hasn’t truly strengthened yet. BTC ETFs are still seeing notable outflows recently, and while ETH ETF selling pressure has eased temporarily, there’s no sign of significant institutional capital flowing back in. So, this is still a post-crash recovery, driven by short covering and liquidation-triggered rebounds. It’s too early to call this a new trend reversal. **Technical Analysis: BTC Short-Term Strength, But No Reversal Yet** **BTC** Currently around 63.4K, rebounding from the 60K range in the short term, showing a stronger structure compared to ETH. On smaller timeframes, it has reclaimed the 62K level and is approaching the 63.8K-64.2K resistance zone. This is the first key resistance test. There’s a clear short-term liquidation pool above 64K, so there’s motivation for the price to sweep it. However, the key question isn’t whether it can touch that level, but whether it can hold above it after the sweep. For a true bullish reversal, BTC needs to hold above 64.2K-64.7K, retest without breaking 62.8K-63K, and then push further to 65.5K-66K. If it fails to hold above 64K and lacks volume, treat it as a rebound short. **ETH** Currently around 1665, its intraday rebound is weaker than BTC. It’s recovering from the 1630 range in the short term, but the 1680-1700 zone remains the first resistance. Without a solid reclaim of 1700-1720, this move in ETH looks more like short covering rather than active buying. If BTC surges and then pulls back, ETH is likely to underperform further. Watch for potential retests of the 1630 and 1600 levels. **In Summary:** This isn’t the time to chase longs. BTC is slightly stronger but still in a low-level recovery; ETH’s rebound is weaker. Liquidity above can be swept, but the key is whether prices can hold after the sweep. Wait for BTC to hold above 64K before looking for continuation; if it can’t hold, treat it as a rebound short. Check the charts for detailed annotations.