Is the rebound right now a genuine bull run, or just bragging?

To be frank, it’s still too early to say it’s a bull run. Don’t be fooled by the market being in an upward pattern for nearly half a month since late March. In reality, much of this rise is driven by news. Take Bitcoin, for example: most of the major altcoins are moving along with it. Right now, the second attempt to break up to 760 has been rejected, and this level can’t hold—so how could a bull market come back?

On the daily chart, it’s very clear: after the prior oversold condition, the price has kept trading within a broad range. At this stage, whether it’s going up or down, it hasn’t broken through the key resistance and support zones. Since the structure hasn’t been damaged, a push higher is just a pullback; conversely, once the structure’s constraints are broken, the move is bound to continue.

As for the news: this month, you could say the market has been flooded with headlines. But the focus is still on the Strait of Hormuz dispute between the US and Iran. One moment they’re fighting, one moment they’re postponing, one moment they’re negotiating. The market has already been thrown into chaos by this, but in the end, it has to be said that it’s positive for the crypto sector.

So what? The bull still hasn’t been pulled back. At this stage, don’t rely too heavily on technical analysis. If the market, following technical cues, breaks below 50k, then just look at what’s in front of you—watch the present, and do well in the present. It’s better than chasing an unrealistic dream.

Actually, many friends in the community are already confused—this is normal. But if you can put down that kind of burden, you’ll feel a lot lighter. Choice is always better than effort—this is never just empty talk. Wukong only waits for those who have a mind to do it! #GatePreIPOs首发SpaceX #Gate3月透明度报告