I just noticed that some technical indicators for BTC still show less positive signals. Although the price has risen to the $74.60K area, the bullish narrative structure regarding the $70,000 support level still needs to be proven with stronger data.



Looking at some metrics, there are several that are moving in a direction that doesn't quite match expectations. The emerging market narrative seems too optimistic without backing from solid technical indicators. This is why many traders are still hesitant to be fully bullish.

In my opinion, before we fully believe in this recovery narrative, we need to see if the main indicators can align with the positive narrative structure being built. If not, this might just be a temporary bounce. Worth watching for next week.
BTC-1.01%
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