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#Bitcoin's regular rebound from the bottom has greatly increased the probability of successfully establishing a bottom range. As for a bull return? Not that fast! The long-dormant crypto market saw an accelerated rise during the Asia-Europe session, which many friends regard as a bull return. I originally didn't want to dampen spirits, but looking at the Fibonacci on the daily chart, you'll find that it has only just broken out of the bottom range and hasn't even completed an initial rebound yet. Actually, you can refer to the low point on February 6, after which BTC price completed a regular rebound in 41 periods, followed by a breakout rebound, yet still hit a new low at 58,000. Of course, I'm not trying to be bearish or scare anyone. From my perspective, a regular rebound or a strong rebound breaking through 74,200 is good for establishing the bottom range. Once the rebound completes and falls back without breaking the new low, the 58,000 level basically marks the completion of this bottom range. However, to say a new trend has started now seems a bit far-fetched. Currently, it is clearly the Asia-Europe market's sentiment driven by macro policies and the White House crypto meeting. The rise is accompanied by shrinking volume. Next, we need to watch for concentrated selling pressure at 74,200, which could easily cause short-term downside risk or even directly end the rebound trend. #BTC突破69000美元，这轮上涨能走多远？ After all, the current macro-side positive factors are time-sensitive. The White House crypto meeting only changes policy expectations but doesn't push actual policies much, so it is also time-sensitive. Therefore, as time moves into next week, this positive factor is likely to become "history." Next, we can watch how #BTC price performs