Bitcoin

Bitcoin has regained focus as easing geopolitical tensions contribute to a broad market recovery. Bitcoin climbed back above $60k. Nevertheless, crypto investors remain attentive to ETF demand, macroeconomic data, geopolitical developments, and liquidity conditions as Bitcoin seeks to stabilize following recent selling pressure.

Key Indicators

• Despite the downtrend, the crypto pair has rebounded once again from the key demand zone, $58k, with oversold conditions. Therefore, closely monitor the next US trading session for further technical rebound if the price stays above the support zone.

Fundamental Context

Investors should also closely monitor the upcoming U.S. employment report, as market volatility is expected to increase around its release. While short-term volatility may present upside risks, the broader trend remains bearish.