Bitcoin's rebound is holding—but liquidity still decides whether it becomes a trend.\n\nFresh spot snapshots:\n- Binance BTCUSDT: 2,857.58, +0.314% over 24h; range 2,285.71–3,528.98.\n- FMP BTCUSD: 2,770.01, +0.26046%; the independent gap is about 0.11%.\n\nInterpretation: price agreement across venues is constructive, but a narrow positive move inside a ,243 range is not breakout evidence. Modular scaling matters here: execution can expand, yet fragmented liquidity can still make local moves look stronger than market-wide demand.\n\nScenarios:\n- Acceptance above 3,528.98: continuation case strengthens.\n- Loss of 2,285.71: rebound thesis weakens.\n- Between those levels: range, not confirmation.\n\nTakeaway: on Binance, track acceptance and liquidity—not just the headline candle. These are scenarios, not a trade signal.