The nature of this BTC rebound is a local bounce within a secondary pullback in a bullish trend. There are three key terms in this statement: 1. Bullish trend: Refers to the ongoing bullish trend since this round of market action started at $20K, which has not changed. 2. Secondary pullback: In a trend cycle, there are multiple secondary pullbacks. The current one is the retracement phase that began on August 14th at the $124,500 level and continues to date. 3. Local bounce: The meaning of a local bounce is similar to the logic in the first two points. Even within a bullish trend, there will be secondary pullbacks. A local bounce is the upward movement (bullish) contained within the structure of a secondary pullback (bearish). Looking at the overall relationship between these three, the bullish trend is unlikely to change in the short term, and there’s nothing particularly noteworthy to mention. The current local bounce is still part of the secondary pullback structure, with no clear bottoming or breakout pattern. Before the local bounce changes the direction of the secondary pullback, calling for a bull run is simply a misunderstanding of the relationship between trend, direction, and local movements. This is also a common reactive behavior seen among many KOLs and retail investors. Due to time constraints, if you want more details, check the charts and refer to the articles from the past few days. Pay attention to the low-buy levels across different timeframes after a direct pullback, as well as the timing of the breakout after consolidation. BTC