Bitcoin's recent price surge, climbing approximately 15% from multi-week lows, is viewed as a technical bounce rather than a trend reversal, according to Vincent Liu, Chief Investment Officer at Kronos Research. Liu attributes the rebound to short covering in the derivatives market, oversold conditions on momentum indicators, and a 'flight to quality' into Bitcoin. Liu emphasizes that for a sustained bullish trend, the market needs spot-driven capital inflows and a favorable macroeconomic environment. Without these, the current rally may be short-lived. Investors are advised to monitor on-chain data and macro indicators closely to discern the market's true direction.