Recently, this rebound can go up, but don't take it as a signal of a new bull market. The real market trend usually arrives when everyone thinks there is no hope.

You see, a sharp rebound after a flash crash is normal, but that doesn't mean a new cycle has begun. This kind of decline is mainly caused by leveraged liquidations and forced closures. A fierce drop doesn't mean the fundamentals have collapsed; it usually just means liquidity has evaporated temporarily. As long as there is no sustained increase in trading volume pushing the price down further, the price will naturally recover.

The question is—can this be considered a new wave of growth? I’m not too convinced right now. A genuine new trend depends on continuous capital inflows and a gradually strengthening trend, not just a few rapid K-line surges to keep the scene going.

Currently, what we see is still a situation of oscillation with increased volatility—rising when sentiment is high, crashing when sentiment is low.

Right now, I am focusing on three details:

First, during each BTC correction, is there still someone continuously selling, or does the trading volume become more sluggish as the price falls?

Second, is the capital only daring to hold onto BTC and a few mainstream coins, and immediately runs away when altcoins surge?

Third, each fluctuation is essentially about clearing leverage, but the price does not break new lows.

If all three points occur simultaneously? Then the market is "washing people," not "taking off."