Bitcoin: Native has rebounded for three consecutive days, and the market sentiment has also changed accordingly. A few days ago, people were discussing whether it would fall below the previous low, but now they have started discussing a new high. The more important issue compared to price increases is: Is this surge a rebound or the beginning of a new trend? Many people like to ask about the results first after entering the market. But few people think about it: why is it rising? Why did it fall? Where does the funding come from? Has there been any change in logic? If these questions are not understood, no matter how much it rises, it is only a slave to emotions. The rise in the past few days is essentially a repair of market risk appetite. If incremental funds continue to enter, ETFs will shift towards net inflows, and market trading volume will gradually increase, then the trend will have a basis for continuation. If it's just a backlash brought about by emotional repair, the crazier the rise, the greater the risk. Many people like to see every rebound as the beginning of a bull market. Because human nature inherently desires hope. But the cycle will not change because of your expectations. The real trend is often born out of doubts. And most rebounds end with cheers. After experiencing several rounds of bull and bear, I have come to understand more and more: It is not difficult to see a market trend correctly, but it is difficult to distinguish between noise and trend. The market fluctuates every day, but the opportunity to truly change one's destiny may only come a few times a year. So instead of worrying about how much it has risen today. Should we be more concerned: Has the logic behind this wave of rise changed? Has the funding come back? Has the turning point of the cycle really occurred? Because direction is more important than speed, logic is more important than emotion, and surviving is always more important than stepping into the air.