All reversals start with a rebound, but the vast majority of rebounds are just rebounds—they don’t turn into reversals. Bitcoin BTC’s rebound after dropping back to January’s low this time still doesn’t show enough strength or structure. The EMA direction hasn’t changed, and the price hasn’t broken out of a decent range yet. Overall, it’s still lingering in a weak position. At times like this, I’d rather wait and observe a bit more. A previous low is never a reason to buy. A real signal must have 'statistical advantage'; otherwise, placing orders randomly is no different from gambling. For spot buying opportunities, we’ll have to keep waiting.