[Matrixport: The market is undergoing a corrective rebound, but it should not be regarded as the start of a new trend] Odaily Planet Daily reports that Matrixport released today's chart, stating that a month ago, Bitcoin's momentum shifted from strong to weak, followed by a significant pullback that caught many investors off guard. Some investors attributed this round of decline to the selling by early holders (OGs), while overlooking the substantial changes in holding structures, leverage levels, and capital flows since the summer. In last Friday's Matrix on Target report, we pointed out that with sentiment indicators dropping to relatively extreme levels, the probability of a short-term corrective rebound was increasing. This rebound has now largely materialized. However, in our view, this does not indicate the start of a new bull market. A more reasonable interpretation is that the current market remains in a relatively complex structure and a trading environment with weak risk appetite. In such an environment, rebounds tend to be fast-paced and significant in magnitude. This type of market behavior is more reflective of tactical, short-term trading opportunities and should not be regarded as the beginning of a new trend.