Is the bull market already back???


$BTC This wave rebounded from around 60k to above 80k, indicating some room to run, but the rhythm doesn't quite resemble a true main upward trend. It feels more like a "slow lift" rebound rather than a breakout with high volume and accelerating momentum. The sense of relay among buy orders is actually weak; it's more like a gradual consumption as it moves.
Currently hovering near 83k, which is inherently a position prone to disagreement. If a new trend truly starts, it would usually become smoother and accelerate faster, but the current state clearly still lacks the right timing.
Another issue is that there has been almost no substantial sideways consolidation during this rise, so the chips haven't fully settled. Under this structure, directly entering a main upward push to increase height doesn't feel very logical.
Combining with historical rhythm, in the past, every time RSI reached high levels, the market struggled to continue a single-sided trend, often followed by a correction to digest gains.
Therefore, a more reasonable understanding is that this wave is more about emotional recovery combined with structural rebound, rather than the start of a new cycle. A genuine bull market may still require some more time and a more solid structure to align. #加密市场回升
BTC-1.11%
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