I think Bitcoin is currently experiencing a short-term rebound.
The movements of short-term investors are closely related to the price fluctuations of Bitcoin. Typically, in a bullish market, when the short-term SOPR reaches the lower Bollinger Band, a short-term rebound often occurs.

Drop again, haven't picked up everything yet
6 $degen

I think we're going to spend May sideways, not rebounding

You should not blindly trust Bollinger Bands. Now is the time to closely observe the macroeconomic situation rather than the indicators on the charts.  6 $DEGEN