$BTC $ETH $SOL Bitcoin hasn't fallen, so it doesn't count as a bear market

No matter how much altcoins have dropped, as long as Bitcoin hasn't truly fallen by 40% to 50%, it doesn't count as a bear market.

Bitcoin is currently hovering in the 97,500 range, and for now, it can hold on for a while. If it can’t hold on, it will collapse like a landslide, directly dropping to the 70,000 to 80,000 range.

Many people think that if altcoins drop 10 times or 20 times from their peak, it counts as a bear market. That's not true; altcoins are not the main funds in the crypto market. The main funds are all in Bitcoin. If altcoins die, as long as Bitcoin doesn't fall, it doesn't count as a bear market.

Currently, several notorious coins manipulated in the winter market like pnut, neiro, and act have already dropped in the range of 10 to 20 times. Coins like ban, swarms, and bio, which are shorted by the Huobi professional shorting team, have also dropped in the range of 10 to 20 times. The Son Dog Huobi team uses bots on its exchange to infinitely inflate trading volume, aiming to profit from shorting.

However, Bitcoin hasn't fallen, while BNB is trying to fan the flames, wanting to replicate Solana's popularity in memes, but it won't succeed right now. Currently, BNB is just embarrassing itself, purely harvesting retail investors. BNB still needs to fall with Bitcoin's downward trend, dropping to 300.

Bitcoin seems to be holding up, but at this high level, it could collapse to the 60,000 bottom at any moment. The three major psychological points are 60,000, 70,000, and 80,000, depending on how the bearish forces play out in the future.

It is expected that when Bitcoin starts to fall, altcoins will have to drop 10 times from the current price level, with many popular memes experiencing declines in the range of 50 to 100 times, taking years to recover.

Watching Bitcoin rise high, looking at the candlestick chart, Bitcoin's tower collapses instantly, looking at the candlestick chart.

All high-leverage long positions at this stage are standing on the edge of a cliff, ready to fall at any moment.

Don’t be greedy when going long or short, or you won’t get wrecked.

The above.