Last night, after the CPI data was released, Bitcoin rebounded as market expectations predicted. However, from a weekly chart perspective, this looks more like a B-wave rebound, with a short-term target around 90,000 to 100,000.

Next, as we enter March and April, the market is likely to experience a C-wave downward correction. If it really reaches that point, the key support levels should be in the range of 69,000 to 73,000. Everyone shouldn't be too pessimistic; although the overall market is in a deep bear trend this year, and many altcoins have already gone to zero, there are still two opportunities for bottom-fishing.

The first opportunity is around June and July next year. At that time, the bottom of the C-wave may coincide with a rebound in spot prices, or it could be delayed until the fourth quarter. The second, more aggressive option is between October and December next year, when Bitcoin might plunge to a major bottom area of 40,000 to 60,000. When that happens, those with bullets in hand might consider going all-in on spot.

Of course, all of the above are personal market observations and judgments, with no investment advice implied.