Is Bitcoin in a Correction or Entering a New Bear Market?

[Plain Language Guide] After Bitcoin dropped below sixty thousand ($100,000), the market outlook has turned defensive. The author points out that the probability of retesting the all-time high has fallen below 50%, and the market is entering a transitional phase.

Current analysis indicates a lack of typical panic selling and negative funding rates, suggesting the market has not fully flushed out yet. The key potential bottom area is near the realized price and the 200-week moving average ($50,000s).

It is recommended to adopt a precise strategy and avoid rushing to bottom-fish until Bitcoin consistently reclaims key structural levels like $100,000, or there are clear capitulation signals.

For more details, see: