Can Bitcoin experience a rebound in spring? Many on-chain analysts believe there is indeed a possibility. The key is that this round of tax-loss harvesting season has basically come to an end, and the large-scale sell-offs expected on a four-year cycle are also nearly over. From this perspective, the upcoming market trend will mainly depend on the evolution of macro factors—such as inflation data, liquidity expectations, and institutional fund movements—that could all become decisive factors. Once the market digests these "anticipatory" selling pressures, the probability of a rebound is definitely worth paying attention to. Of course, macro uncertainties always exist, but at least from a technical and market psychology perspective, the previous pessimistic factors have been released to a considerable extent.