The Bitcoin market has once again demonstrated its high volatility, with a sudden and notable V-shaped rebound occurring last night. This trend aligns with previous market analyses, which indicated that Bitcoin might first experience a rebound after falling into the oversold zone, followed by another dip.

The dovish remarks made by Federal Reserve Chairman Powell became the direct trigger for this Rebound, stimulating bullish sentiment in the market. Bitcoin subsequently exhibited typical characteristics of a B-wave Rebound, confirming previous market predictions.

However, investors need to remain clear-headed and cautious. Although Powell's remarks may be beneficial for the market in the medium to long term, the current rebound is primarily driven by short-term emotional stimuli. The market still lacks substantial incremental capital inflows, and this news-driven rebound may be difficult to sustain. We can look back at Ethereum's situation last month: due to similar policy expectations, its price soared by 8%, but just three days later it fell by 12% due to capital withdrawal. This highlights the fragility of market trends that lack solid capital support.

For the current market, the risk-reward ratio of chasing the rise is not ideal. It is recommended that investors patiently wait for clearer signals before taking action. Two key points to focus on are: first, breaking through the $30,000 level with accompanying trading volume; second, a pullback to $25,000 and confirming bottom support. It is worth noting that during the market in November last year, investors who were eager to chase highs were, on average, trapped for 23 days, while those who patiently waited for a second confirmation ultimately gained an additional 15% return.

In this cryptocurrency market full of opportunities and challenges, it is crucial to maintain rationality and patience. Investors should deeply understand market dynamics, pay attention to first-hand information, and conduct in-depth analysis to make informed decisions in the rapidly changing market.