Next, let's talk about the market. Bitcoin rebounded strongly. I think it is more reasonable to summarize the current market like this. Many friends are concerned about whether it is a rebound or a reversal. I will not answer this question directly. Let's analyze what the concept of rebound is. Rebound is after a period of decline, especially after a long decline, it rebounds for a while, and then it will continue to fall after the rebound, or even a new low. Then what about reversal? Reversal means that it has gone out of the bottom and plans for the next round of strong rise. Which one do you think it is after my explanation?

I personally think it is between the two. Why do I say that? First of all, if it is a rebound, then it should have happened last month and early this month, one around 6.8, one around 6.3, and there may be another around 6.4. Then you can see from these times that the rebound is lower than the previous one. This is a typical rebound trend in a decline, but the current market has broken through the pressure level created by the previous rebound in one fell swoop, so it should not be a simple rebound. Do you say it is a reversal? Personally, I think it cannot be completely calculated, because the new high should not be broken soon. After all, there is indeed no more funds on the capital side to support a larger market value. Therefore, my personal conclusion is that the previous 60,000 should be basically confirmed as the bottom of this stage. It has been supported for several times. Everyone can be careful. The market should not be worse than before, but the conditions for violent bulls are not yet met, and the new high should not be met yet. Everyone should wait patiently.

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