BTC REBOUND OR TRAP? The Truth About the $68K Breakout!Bitcoin vs US DollarPEPPERSTONE:BTCUSDfxtraderanthonyThe macro narrative heading into the end of February 2026 is defined by a violent tug-of-war between a bruised "Risk-Off" regime and a burgeoning relief rally fueled by the latest State of the Union address 🏦. After a brutal month that saw Bitcoin shed nearly 24% of its value—mirroring the darkest days of the 2022 crypto winter—the tide is starting to turn as institutional dip-buying resurfaces. Interestingly, while market chatter earlier this week was submerged in "Extreme Fear" with retail sentiment calling for a sub-$60,000 collapse, the return of spot ETF inflows suggests a liquidity hunt has already cleared out the late shorts. General online communities are still leaning toward caution, fearing a "dead-cat bounce," but the underlying pulse indicates that the forced selling from miners and levered players has largely been absorbed. We are seeing a potential structural shift on the H4 timeframe as price attempts to reclaim the $68,500 handle 📈. Following a classic Wyckoffian "Spring" or liquidity sweep below the $63,000 local lows, the current markup is challenging the lower boundary of the previous consolidation range. While widespread community chatter remains skeptical of the rally's legs, the high-volume node (HVN) visible on the profile suggests we are entering a "Discovery" phase toward the upper value area. The aggressive 7% bounce on Wednesday has trapped retail bears who were positioning for a breakdown, and a successful "break and retest" of the current resistance would confirm that the Markdown phase has exhausted its momentum 💰. Key Zone: The primary focus is the Volume Profile Point of Control (POC) sitting near $68,000, which aligns with the current price action 📉. We are seeing a cluster of high-volume nodes between $67,800 and $69,000, indicating a heavy battleground for "Value." A sustained hold above the VWAP in this region would signal that the market has accepted these higher prices, shifting the bias from a bearish retreat to a bullish range expansion. We are currently trading at a pivotal inflection point, battling the gravity of the monthly downtrend while riding the momentum of a fresh risk-on rotation 🌍. I am watching for a 'run on liquidity' to sweep the late buyers near $70,000 before a potential consolidation. The market is currently testing the "Buy on break and retest" thesis marked on the chart; a failure to hold $67,700 would likely see us revisit the $64,000 liquidity pockets to satisfy the late sellers I'm seeing across various social forums 🧹. However, if the ETF tailwinds persist into the weekly close, the path of least resistance points toward the $72,000 supply zone.