Does this rebound signify the return of a bull market? I still believe it is a rebound, not a reversal, for the following reasons:

Macroeconomic Level: Under the tariff war, CPI will rise, and the Federal Reserve may maintain high interest rates or even raise them, with rate cuts likely only after an economic recession.

Subsequent Strategy: It is not advisable to short at the high of 93, nor to chase long positions. Observe Trump's movements, hold cash for major cryptocurrencies, and operate with a light position in altcoins.