This morning I noticed Bitcoin trying to break $70K but fading is the momentum, dropping again to $68,300. It has attempted multiple times since the February crash but always fails at that level. This time, from the peak to the lowest point, nearly 5% in a few hours, so there hasn't been a solid breakout yet.

What's interesting is that altcoins are performing well. Ether up 8.5%, Solana 6.9%, Cardano jumped 10.8%, and Dogecoin added 8.3% — all much better than Bitcoin's 4.3%. This indicates traders are starting to take more risks again, rotating into tokens with higher volatility. Some analysts say this is a sign that the worst selling is over and the market is starting to respond positively.

But don’t get too excited. Macro conditions are still fragile — stablecoin supply is stagnant, and if Bitcoin drops below $60K , it could trigger chain liquidations. The latest data shows Bitcoin’s current price at $74.21K with a movement of -0.15% in the last 24 hours, so volatility remains high. Glassnode estimates that new liquidity will normalize in at least six months.

So, in conclusion, the short-term momentum is good but the trend is still uncertain. Altcoin movements are indeed positive, but we need to see if this is sustainable or just a temporary bounce before new pressure hits.