Bitcoin has pulled back over 2,000 points from around 76,000, with sentiment less than 100 points away, but the short-term is still holding above 23,000.

Sentiment-wise, what's strong stays strong, what's weak stays weak—that familiar feeling is back, but something feels off about it. Monday's surge exceeded 10%, up 300-some points, with no pullback at all, making me worried this sudden spike could reverse just as quickly.

So tonight on the US session I said to watch for pullbacks first, and Bitcoin did break below 74,000 as expected. Short-term sentiment still needs to be cautious about potential capitulation.$BTC