On February 26, the cryptocurrency market experienced a significant rebound in mid to late February 2026, with Bitcoin price rising approximately 8% in a single day, approaching the key psychological level of $70,000, which previously acted as strong resistance. As mainstream digital assets also moved higher, market risk appetite notably improved. During the same period, Ethereum, XRP, and Solana all gained over or near double digits, indicating that funds are reallocating into the crypto sector, driving the overall market recovery.
From a capital behavior perspective, this Bitcoin rebound is largely related to a buy-the-dip strategy. Caroline Mauron, co-founder of Orbit Markets, pointed out that after a phase of correction, some investors chose to rebuild positions at lower prices, which helped push prices back up quickly. If Bitcoin can stabilize above $70,000, it may change the short-term market structure and repair the previous sentiment fatigue caused by sustained pressure.
Meanwhile, the market structure has also shown subtle changes. Recently, funds have not only concentrated in Bitcoin but have also flowed into high-volatility assets like Ethereum, XRP, and Solana, reflecting investors’ preference for more volatile assets during the rebound phase. Daniel Reis-Faria, CEO of ZeroStack, stated that Bitcoin’s trend is increasingly influenced by macro liquidity conditions. When financial system liquidity tightens, crypto market volatility often amplifies in tandem.
On the technical side, analysts remain cautious about the current trend. FxPro analyst Alex Kuptsikevich compared the current cycle to the 2022 market, noting that Bitcoin typically requires a longer period to build a bottom after deep corrections, rather than quickly entering a one-sided bull market. Galaxy Digital research head Alex Thorn believes that the most intense selling phase may be nearing its end, especially as prices approach the 200-week moving average and the actual cost zone, which are historically significant support levels for medium- to long-term trends.
Against this backdrop, the $70,000 level has become a key technical zone for judging Bitcoin’s price movement, market rebound strength, and whether the crypto market has formed a phase bottom. If trading volume continues to increase and breaks through this resistance, market sentiment could further improve, but short-term volatility and retracement risks should still be watched carefully.
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Cryptocurrency Market Overview
BTC (-0.37% | Current Price 67,228 USDT): BTC previously dropped sharply to $62,501 before stabilizing and rebounding. During the session, it reached a high of $70,003, then pulled back, currently trading above $67,000. Overall, market sentiment has significantly improved, but the short-term trend is entering a consolidation phase. Technically, the MA5 and MA10 formed a golden cross at low levels, driving a rebound. Currently, moving averages are leveling off, and prices are fluctuating around the MA30, with increased short-term bullish and bearish battles. The upward movement was accompanied by a clear increase in volume, but recent volume has converged, and momentum has slowed. Watch for resistance at $68,000–$69,000. A volume breakout could test $70,000 again; if it faces resistance and pulls back, support levels around $66,000 should be monitored. The overall pattern is a strong oscillation.
ETH (-
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