#加密市场反弹

## The Cryptocurrency Market Strongly Rebounds: The Cold Winter Is Gradually Retreating, Warmth Begins to Appear

After a long period of silence, the cryptocurrency market has recently welcomed a significant rebound, with Bitcoin leading the charge by breaking through key resistance levels, and Ethereum along with mainstream altcoins generally following suit, resulting in a noticeable improvement in market sentiment.

Several driving factors lie behind this round of rebound:

* **Improvement in Macro Expectations:** The market's bets on the Federal Reserve lowering interest rates have strengthened, boosting the preference for risk assets, and improving liquidity expectations benefiting the cryptocurrency sector.

* **Continued Institutional Positioning:** The Bitcoin spot ETF continues to attract considerable net inflows of capital, providing solid buying support for the market and demonstrating confidence from mainstream capital.

* **Demand for Technical Repair:** After a prolonged period of consolidation and overselling pressure, the market has accumulated strong rebound momentum.

* **Sentiment Reversal:** Market panic sentiment has significantly dissipated, with the “Fear and Greed Index” returning to neutral or even greedy territory, and FOMO (Fear of Missing Out) sentiment has somewhat increased.

Trading volume has increased accordingly, and discussions on social media have surged, with some investors beginning to reassess the value of cryptocurrency asset allocation.

However, the inherent high volatility of the cryptocurrency market remains unchanged. Investors need to maintain rationality amid optimism, be wary of short-term pullback risks, and pay attention to fundamental support and regulatory dynamics. Although the cold winter shows signs of light, whether spring has truly and steadily arrived still requires time to test.