Bitcoin rebounded above $81,000 on March 11, joining U.S. stock futures in a relief rally after a sell-off sent both BTC and stocks to four-month lows. Data indicated daily BTC gains approaching 4% following a turbulent Wall Street session, where the S&P 500 and Nasdaq Composite finished down significantly. Some analysts, like The Kobeissi Letter, noted an unsustainable downtrend and questioned whether a short squeeze was overdue, suggesting that markets typically don't move in a straight line. Additionally, Timothy Peterson pointed to the VIX volatility index, stating there is an 89% chance the market bottomed. However, popular crypto traders warned of a tough road ahead, indicating that Bitcoin might struggle to reach all-time highs, underscoring that current market conditions affect all risk-off assets amid recession fears. Overall, while there are signs of short-term recovery, the outlook remains cautious amid broader economic concerns.

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