The cryptocurrency market experienced significant volatility as traders navigated through conflicting news of war and false ceasefire reports. Key levels of interest included a rebound starting point at 104,800 and a bullish option safety zone at 108,000. Traders remain divided on whether to anticipate continued declines or acknowledge a bullish trend. A notable bearish trader shifted to a bullish stance after the market broke trends and rebounded quickly, despite initially viewing the move as a false squeeze. Bearish call options rose 15% early in the session, with volatility remaining high at 40% due to the war environment, creating a challenging trading landscape. Technical analysis suggests Bitcoin could rise further on technical grounds alone, though some traders declared a market top by session's end, highlighting extreme uncertainty and rapid position changes.