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Rebound after the waterfall, everyone has witnessed it many times. Currently, there's an urgent need to use the rebound effect to support the market. After the night's rise and pressure, the market structure is clearly damaged, urgently needing a rebound to stabilize market sentiment. On the hourly chart, Bitcoin's three consecutive bullish candles overnight are progressing steadily, but the overall rebound is insufficient with very limited upside space, which is not ideal. Further volume expansion is expected. Previous breakdowns have opened the downside market. Bitcoin is currently positioned around 705-720 for short-term trading.