This $BTC rebound—I'm going to pour some cold water on everyone!

The maximum space is not excluded to push up to around the prior high of 67K. There’s a big weekly gap there; the market will very likely break through to fill it first, then come another round of bull-trap to lure people in.

That said, I don’t think this is the bottom reversal. The real bottom needs to be confirmed by monthly-line level accumulation. Before those signals show up, any rise could be large players deliberately pumping the price. Even the consolidation itself is their process of slowly accumulating.

In the short term, right now it’s an unstructured rebound. The most critical is the 60-day moving average. The current price is above 62,000; as long as it can hold here, I’ll continue to hold a long-side mindset.

So my suggestion is: the longs you held at the lower levels before can continue to hold. For short-term support, watch 62,000. Watch 65,500 for resistance; if it breaks through, then push toward 67k. But the big hurdle is at 68,000! If a false breakout appears here, it’s very likely a chance to short in the medium term—also the last signal to probe the lows.

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