Currently, Bitcoin has not truly bottomed out and is still in a downward trend. This recent rebound is merely a short-covering rally caused by overselling, and it is definitely not a sign of reversal. The price has not experienced a bottoming oscillation or accumulation phase, clearly indicating a trap for late buyers. The real bottoming opportunity will only come when a bottoming oscillation appears on the monthly chart with clear bottoming signals. Ideally, the price range would be around 50,000, but market unpredictability means this may not happen as hoped.

Next, the rebound is likely to encounter resistance around 75,000 - 76,000, after which a third wave of decline may begin, with a target near 55,000. Even if the price drops to that level, the rebound may not mark the bottom. The true bottom requires prolonged oscillation and accumulation, or even another spike to confirm, so everyone must stay vigilant!