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Why this setup? Bitcoin is trading below major resistance, and the overall market structure still points to a downtrend. A short-term bounce is possible, but if buyers fail to reclaim higher levels, BTC could revisit the $50K support and potentially drop toward the $30K zone before the next major rally.
Debate:
Is this correction setting up the final bottom before a massive recovery, or is Bitcoin preparing for one more big capitulation move?
Guys, let's be honest. I still think we're in a bear market...
I know most people don't want to hear this, but I believe $BTC can still visit the $40k area or even lower. I also think #Ethereum going below $1k is possible, even though many people never believed $ETH would drop under $2k.
The same goes for Solana. I wouldn't be surprised to see $SOL trading below $30 in a deeper market correction.
I'm not saying these targets will definitely happen but I think ignoring these possibilities is a mistake. In crypto, anything can happen, so I stay prepared for both the best and the worst scenarios.