When Bitcoin experienced a big dump to around $48,800 and quickly rebounded to around $57,000, according to the historical trend of the Black Swan Event, the rebound after a big dump often comes with a second retracement or a second dump.

Operation illustration of Market Maker

1. First big dump: the price quickly drops from the high point, attracting panic dumping, Market Maker accumulates a large amount at the low point.

2. Quick Rebound: After the completion of Accumulation, the price quickly rebounds, attracting market attention and driving some short-term funds to enter.

3. Second pullback: The price falls again, clearing out floating capital and short-term funds, testing market support, Market Maker Accumulates again at a lower price.

4. Preparation for upward movement: after the second retracement, there are mostly long-term funds and market maker holdings in the market, and selling pressure decreases. Market makers are preparing for upward movement.
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