1️⃣ Correction before a new rise - Many expect that $BTC will drop to the 70,000 to 73,000 dollar range before a potential recovery.
2️⃣ Panic due to news - The drop below 83,000 dollars was caused by macroeconomic factors such as Trump's threats of tariffs. However, I expect that the drop is not due to this, but because of the unfilled gap I mentioned earlier.
3️⃣ Bullish sentiment still exists - Despite the declines, some traders believe that the current bullish cycle is not over yet.
4️⃣ Waiting for the "calm" before the storm - Volatility at historically low levels, which usually precedes a major move.
The question is - Up or down?
5️⃣ The altcoin season may be surprising - There is a lot of negativity surrounding altcoins, but some traders see this as a potential signal for their rise.
My perspective on the market:
Bitcoin continues to decline, and the market remains bearish on lower timeframes. The price is likely to continue to fall.
My targets: Long-term targets range between 82,000 dollars and 80,000 dollars above 104,000 dollars.
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