BTC has been on an upward trend since the end of March,

with a total increase of over 13,000 points so far.
However, even if there is a short-term rebound,
it is most likely just a technical correction after the rise,
not the start of a new major bull wave.
From the current market situation,
Bitcoin has been quickly suppressed and pulled back twice near 79,000,
indicating heavy selling pressure above.
The 80k level has always been difficult to break through effectively.
This level has now become the current dividing line between bulls and bears.
Even if there is a short-term rebound afterward,
if it cannot stabilize above 80k again,
it shows that the bullish momentum is continuously weakening.
Once market confidence weakens,
and the bulls lose their momentum completely,
it is highly likely that a larger-scale deep correction and decline will follow.