BTC rebound is a technical bounce, not a trend reversal, says analyst

The recent Bitcoin (BTC) rebound is more of a technical bounce than a trend reversal, The Block reported. Vincent Liu, Chief Investment Officer (CIO) at Kronos Research, explained that the move is the result of short covering after large-scale liquidations, a resolution of oversold conditions, and a flow of liquidity into major assets. He added that while the rally could continue in the short term, it is likely to remain a short-lived rebound unless accompanied by spot-driven capital inflows and an improved macroeconomic environment.