Have you all made any money these past few days with all the speculative trading?
Today, let's talk about Bitcoin's future performance: is it a rebound or a reversal?
Take Bitcoin for example; the market has already given quite a few hints.
First, the rebound took too long to break through the first high.
From the bottom to breaking through the December 10th high of 94570, it took almost a month. As I've said before, the longer it takes, the stronger the resistance above, which isn't typical of a strong market. Compare that to the April 2025 rally, which broke through the first high in just 5 days; this time it took almost 30 days—the difference is stark.
Second, the breakout wasn't decisive at all.
It just broke through around 94500, reaching a high of only 94700, and then within a few days it fell back down, even breaking below the key psychological level of 90000. A true trend reversal almost never unfolds like this. There was a pullback in April, but after the breakout, it never fell back below 90,000, indicating a completely different structure.
Therefore, considering all factors, I'm more inclined to believe that the market will either consolidate sideways or rebound to around 98,000 before falling again; it doesn't seem like a weak reversal.
As for the question many are asking about the reasons for the decline, there's no need to dwell on it. Financial markets have always followed this pattern: what goes up must come down. After so many times the gains in recent years, a correction is normal for any asset. Whether it's Bitcoin, the S&P 500, the Nasdaq, A-shares, or gold and silver, if a stock has risen sharply, a significant drop is almost inevitable; there are no exceptions.
The cryptocurrency market is full of uncertainty and challenges, but it also contains potential opportunities. Investors should fully understand the associated risks, remain calm and rational, and use a prudent strategy to cope with market changes when participating in cryptocurrency investment!