If last Friday's drop to 103, with both the market and sentiment in extreme panic, counts as the second bottom test being completed, then this rebound can be said to be both expected and reasonable. Up until now, we really can't say the bear market is here. I mean, how can it be so extreme—up 20k in one move, down 7k in another? That's just way too ridiculous and bipolar. If you trade with that mindset, well, good luck with the rest of your life. If Bitcoin wants to regain strength, it needs to hold above 1158, which is the midline of the Bollinger Bands on the daily chart. But generally speaking, it won't happen that quickly. This rebound might even stop abruptly around 112-113. If it drops again from 113 and forms a triple bottom without breaking the critical 102 level, then when liquidity truly loosens in the future, it can still go up. After all, from a macro cycle perspective, I really don't see any reason for a bear market.