#CryptoMarketRebounds

My Thoughts on BTC Breaking 70,000 and Whether This Is a True Reversal or Just a Temporary Relief Rally
The crypto market’s rebound today immediately caught my attention, especially seeing BTC break above the 70,000 level and major assets like ETH and SOL gaining more than 13% in such a short time. Moves like this are never just about price they reflect deeper shifts in market sentiment, liquidity, and confidence. From my perspective, this rebound feels different from previous short-term recoveries, because it’s happening alongside several structural changes, including the disappearance of the daily 10 AM selling pressure and positive developments from major companies like Nvidia and Circle.
One of the most interesting aspects to me is the sudden disappearance of the consistent selling pressure that used to appear around 10 AM daily. For a long time, this pattern created predictable downward momentum, limiting bullish continuation and shaking trader confidence. The timing of its disappearance, especially following the lawsuit involving Jane Street, raises important questions. Personally, I think market makers play a critical role in shaping short-term liquidity and volatility. If a major liquidity provider reduces or alters its activity due to legal or operational risks, it can immediately change market dynamics. This could explain why the artificial resistance that suppressed upward momentum seems to have weakened, allowing organic buying pressure to push prices higher.
At the same time, BTC reclaiming the 70,000 level is not just a psychological milestone—it’s a signal of renewed strength and confidence. Historically, when Bitcoin breaks major resistance levels, it often triggers a combination of FOMO from retail traders and strategic positioning from institutional investors. In my view, this level now becomes a key support zone. If BTC can hold above 68,000–70,000, it increases the probability of further upward continuation toward 75,000 or even higher. However, if BTC fails to hold this range, we could see a pullback toward the 62,000–65,000 region before the next move.
ETH and SOL’s strong performance is another important signal. ETH’s gains reflect continued confidence in the Ethereum ecosystem, especially with ongoing Layer 2 adoption, DeFi growth, and staking demand reducing circulating supply. SOL’s surge, on the other hand, shows increasing interest in high-performance blockchain ecosystems capable of supporting scalable applications. Personally, I see ETH as the stronger long-term infrastructure asset, while SOL has higher short-term momentum due to its growing ecosystem and speculative interest. Both play different but important roles in the broader market structure.
Another major factor supporting this rebound is the positive earnings reports from Nvidia and Circle. Nvidia’s strong performance reinforces the importance of computing infrastructure, which indirectly supports crypto growth because blockchain networks rely heavily on processing power. Circle’s positive earnings, meanwhile, strengthen confidence in stablecoins and crypto financial infrastructure. Stablecoins are essential for liquidity and trading efficiency, and strong performance from major stablecoin issuers signals a healthier ecosystem overall. These developments contribute to a broader narrative of increasing institutional and technological support for crypto markets.
However, the key question for EagleEye is whether this is a true market reversal or just a temporary rebound. In crypto markets, sharp upward moves can sometimes be driven by short liquidations and sentiment shifts rather than sustainable long-term buying. What I’m watching closely is whether buying volume remains strong over the coming days and whether BTC can maintain support above key levels. A true reversal typically involves higher lows, consistent volume, and continued institutional participation.
Under the current market rhythm, I personally favor BTC and ETH as core holdings because of their established network strength, institutional adoption, and long-term stability. At the same time, I see strong potential in high-growth ecosystems like SOL, which can outperform during bullish phases. My strategy is to remain cautious but optimistic recognizing the bullish signals while staying prepared for volatility and potential pullbacks.
Overall, this rebound feels like more than just coincidence. The combination of reduced artificial selling pressure, strong corporate earnings, and renewed investor confidence suggests that the market is entering a more favorable phase. While short-term corrections are always possible, the current momentum indicates growing strength in the crypto ecosystem. For me, the key is to stay observant, manage risk carefully, and focus on long-term trends rather than reacting emotionally to short-term price movements.