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On May 7th, Bitcoin's current rebound from around 60k to 83k, nearly 40%, is a technical correction within a bear market, not a trend reversal; the current range of 82.5k to 84k is close to the top, and it is highly likely to oscillate downward and break the previous low, only truly reversing after completing the final dip of the bear market. The following detailed analysis covers four aspects: core logic, technical basis, historical analogy, and operational suggestions:
1. Core judgment: Bear market rebound, not the start of a bull market
1. The long-term cycle stance remains unchanged: Although this rebound is strong (60k → 83k, nearly 40% increase), it is defined as a healthy technical correction within a bear market, not the beginning of a main upward wave.