[Matrixport: Bitcoin Attempts a Countertrend Rebound] According to a report by Jinse Finance, Matrixport's daily chart analysis indicates that Bitcoin is attempting a countertrend rebound following a capitulation-style sell-off. This recent decline has flushed out weak positions and triggered passive selling pressure and cascading liquidations (forced liquidations) in the derivatives market. In the short term, there is still room for technical upside; however, whether the rebound can go further depends on the influx of new capital rather than relying solely on short covering and mechanical hedging funds to sustain it. As we previously mentioned, Bitcoin remains in a larger-scale bear market reset phase. During this phase, rapid surges are not uncommon but are often difficult to sustain. On-chain data continues to confirm that the current environment remains fragile: demand momentum is weakening, and structural accumulation is limited. At the same time, hedging activity in the options market is heating up, further amplifying volatility. If spot market support remains weak, prices are more likely to experience gap-style declines, and the influence of derivatives on Bitcoin's price will increase accordingly.