The Great Crash! The price of Bitcoin plummeted from 96,000 to 86,000 in just one day, a drop of a whole 10,000 points. One can only imagine how terrifying this number is, with countless people on the verge of tears. Indeed, the market is tormenting; we had already predicted this trend structure in advance. After the market correction concludes, we will surely face a new round of declines. This is very clear; to thrive in the crypto world, one must pay attention to the trends.

From an overall structural analysis, the price resembles an uncontrollable waterfall, plummeting madly close to the lower Bollinger Band, showing no signs of stopping or bottoming out. The opening range of the Bollinger Band has become shockingly exaggerated and shows no signs of contraction. This is undoubtedly a very strong signal—there is a high probability that the market will continue to decline further. The current market displays a distinct one-sided rhythm; every time it seems there is hope for a rebound, it is merely gathering strength for the next more intense drop. It is advisable to maintain a bearish outlook for the near future.

Bitcoin is trading around 89,000-89,500 today, shorting at 87,000.

Ethereum is trading around 2,500-2,510 today, shorting at 2,400.