Just caught Bitcoin bouncing back to around $65K as the dollar weakened and Asian markets rallied. First real solid move we've seen in a while. The crypto market cap dipped to $2.19 trillion earlier this week, basically retesting those Feb lows, which is making analysts pay attention.

Here's the thing though - if we hold at these levels, we're looking at a textbook double bottom pattern. That could mean roughly 10% upside if it plays out. But if it fails? Could see another 25 usd worth of decline in percentage terms, which would be rough. FxPro's analyst was pretty clear about that scenario.

Major alts are following along - Ether down 2%, Solana down 3.28%, XRP slightly down too. The weaker dollar is definitely helping the risk-on sentiment right now. But honestly, I'm seeing a lot of traders still nervous after Bitcoin's 50% drop from the highs. The conviction just isn't there yet. Kuptsikevich even said real capitulation might still be coming, which is a sobering take. We're bouncing, but it doesn't feel like the bottom is in.