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Bitcoin has experienced a corrective Rebound, which does not signify the start of a bull run.



Matrixport released a daily analysis stating that Bitcoin has recently experienced a rapid Rebound. Independent analyst Markus Thielen pointed out that this is a phase of correction after sentiment indicators fell to extreme levels, rather than a signal for a new bull run.

A month ago, Bitcoin experienced a significant correction after a transition from strong to weak, with some investors attributing it to the selling by early holders, while ignoring the substantial changes in position structure, leverage levels, and capital flow since the summer.

Analysis suggests that the current market is still in a structurally complex environment with weak risk appetite. Such rebounds are usually fast-paced and significant, and should be viewed as short-term trading opportunities rather than trend reversal points.
BTC6.46%
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