The market sentiment is gradually improving

This occurs when the majority of traders in the market begin to think that this is the bottom area and start buying back after a prolonged decline

This has precedent in the period of May-June 2021 when $BTC also sharply dropped from $60k to $40k

This brings a precedent both good and bad

Good because we know we are very close to the bottom of the price decline

Bad because with the sudden joy, it will lead to the result of uncontrolled sell-off when the market moves not as the majority of investors wish

=> Trigger widespread PANIC SELL when the market breaks the psychological support area of $76k of $BTC