4.10 Rebound or V-shaped reversal?

1. Last night, the US stock market and cryptocurrency market surged. Here, we need to consider whether it is a rebound or a V-shaped reversal, and whether we should chase the long positions or wait a little longer.

2. Historically, there has only been one true V-shaped reversal for the Nasdaq, which was during the black swan event of COVID-19 in 2020. Other than that, there will either be a second test or another decline.

3. This round of BTC peaked on January 20, and the tariff war started on February 1. This is considered a pullback phase encountering negative news, which accelerated the pullback but does not qualify as a complete black swan event.

4. I believe there will at least be another test or even a new round of declines.