Look, Bitcoin has done what it often does again – aligning with Nasdaq. Today’s crypto dip and subsequent rebound are examples of this. In the morning, geopolitical concerns caused fear in the market, but as Nasdaq made a V-shaped recovery, Bitcoin followed suit. It’s clear that BTC has now become as sensitive to risk as tech stocks.

But here’s the interesting part – the price has gone up, but sentiment is still fearful. This rally could just be a relief bounce, not a long-term trend reversal. Bitcoin’s dominance rate has risen above 59%, meaning people are currently staying away from altcoins and only investing in Bitcoin. This indicates a defensive mindset.

On a macro level, oil prices and inflation concerns are still shaking the market. If these stabilize, a real rally in Bitcoin could happen. For now, the crypto dip and bounce game continues. There’s resistance around $77,000; if it breaks, it will be a bullish signal, otherwise, volatility will just keep going.