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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 and not the start of a new main upward wave. From the current market situation, Bitcoin has been quickly suppressed and pulled back twice when approaching around 79,000, indicating heavy selling pressure above. The 80k level has always been difficult to break through effectively. This level has now become the dividing line between bulls and bears. Even if there is a short-term rebound afterward, it is unlikely to signal a new sustained upward trend.