From a long-term perspective, Bitcoin's bottom may not have been reached yet. This current price rebound is more like the fourth wave of a five-wave decline on the weekly chart, with the high point estimated between 71,000 and 74,500. After this rebound completes, the market may experience another round of decline, with the first target around 58,000 to 50,000.

In fact, whether it's a bull or bear market, it's like a powerful current, flowing eastward like the Yangtze River, and the overall direction is very hard to change. Although sometimes there may be whirlpools or reversals in certain places, these are only temporary. Some people see this rebound and rush to shout "The bull market is back," but they are really mistaken about the direction. The current bear market trend is still ongoing, and the true deep bear phase may not have arrived yet.

So, don't get too caught up in those indicators, news, or the "bottom signals" shouted by various institutions online. These things are actually quite powerless against the big trend. What's more important is to sense the overall market direction, rather than obsessing over short-term ups and downs every day.