This wave of increase from $60k to $80k is more akin to a "rebound" rather than the start of a main bull market wave. There are three main reasons:

1. The pace of the rise is off: The trend is a "slow lift" rather than the common "volume acceleration" seen in main upward waves, with weak buying momentum and a gradual consumption of selling pressure.
2. The structure is not solid enough: The upward process lacks sufficient sideways consolidation, resulting in insufficient chip accumulation; a quick rise is likely to trigger subsequent selling pressure.
3. The indicator position is relatively high: The RSI has reached a high level that historically often triggers corrections. Based on past patterns, a short-term digestion and correction are highly probable.

This is more like a structural rebound caused by emotional recovery, rather than the start of a new cycle. The true initiation of a bull market still requires a more solid bottom structure and time to accumulate. #Gate广场五月交易分享