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#Bitcoin A routine rebound from the bottom greatly increases the probability of successful bottoming within the range. As for the bull rebound? Not so fast! The long-dormant crypto market has seen an accelerated rise in the Asia-Europe session, seen by many as a bull rebound. Originally, I didn't want to pour cold water on everyone, but looking at the daily Fibonacci chart, you'll find that it has only just broken out of the bottom range and hasn't even completed an initial rebound yet. In fact, after the February 6 low, BTC price completed a routine rebound within 41 hours, and after a subsequent breakout rebound, a new low of 58,000 was still reached. Of course, this is not to be bullish or to intimidate everyone. From my perspective, a conventional rebound or a strong breakout above 74,200 is good for bottoming out the range. Once the rebound is completed and the rebound doesn't break new lows, the 58,000 range is basically complete. However, to insist that a new trend has started now is still a bit far-fetched. Right now, it's obvious that the sentiment in the Asia-Europe market toward macro policy + the White House crypto meeting is driving the market. The rise is accompanied by shrinking volume. Next, we need to watch for selling pressure concentrated at 74,200, which could easily lead to short-term downside risks. #BTC突破69000美元 even end the rebound trend directly, how far can this rally go? After all, the current macro positive news is time-sensitive. The White House crypto meeting only changed policy expectations without much actual policy support, which is also time-sensitive. So as time approaches next week, this positive trend is likely to become a thing of the past. Next, we can watch #BTC price performance