Emotional stability is a prerequisite for a rebound

The recent sharp fluctuations in BTC can be attributed to excessive market sentiment reactions. Historically, Bitcoin's price volatility has always been high, and whenever market sentiment becomes overly pessimistic, it may actually lay the groundwork for a future rebound. Therefore, from the current market sentiment, the prerequisite for a rebound is market stability.

Currently, many investors are adopting a wait-and-see attitude due to market uncertainty, leading to rapid price retracements. BTC temporarily broke below the $75,000 support level, but this does not mean the market will remain in a downward trend. In fact, Bitcoin's market price fluctuations often have strong rebound capabilities. There have been multiple instances in history where, after breaking below key support levels, a rebound occurred due to sentiment recovery.

Considering the current market sentiment, a short-term rebound may depend on some alleviation of market uncertainty. Especially, macroeconomic factors such as monetary policy, inflation, and global economic recovery could all influence market sentiment. Once positive signals emerge from these factors and investor confidence is restored, Bitcoin's price may find some support.

Regarding the timing of the rebound, we may need to wait until market sentiment stabilizes or investors' judgments about future price trends become more aligned. At this point, Bitcoin's rebound is more likely to be driven by the recovery of market sentiment rather than purely technical factors. After emotional stability is restored, BTC is expected to enter a healthier upward cycle.