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In the past half month, $BTC went from a panic drop to an oversold rebound, so many people started discussing the return of a bull market.
But if you extend the cycle a bit longer, you will find that the things that really change the trend have hardly changed.
ETF funds have not continuously returned, incremental funds have not re-entered the market, the profit-making effect of altcoins has not recovered, and the market has just gone from extreme pessimism to being less pessimistic.
But if you stretch the cycle a bit longer, you'll find that the things that truly change the trend have barely changed.
ETF capital has not continuously returned, incremental capital has not re-entered the market, the profit-making effect of altcoins has not recovered, and the market has only gone from extreme pessimism to being a little less pessimistic.