Bitcoin's downward target is aimed at the range of $40,000 to $50,000, with pessimistic sentiment rising

Well-known Bitcoin market analyst PlanB predicts that the probability of Bitcoin falling below $61,000 is over 50%. He believes that the probability of Bitcoin dropping below $61,000 and even $53,000 both exceed 50%, suggesting that the market may still face further downward pressure in the future. Crypto KOL Qinjiaopike stated, "The automatic trend indicator alert shows that Bitcoin's 3-day line has entered a new downward trend, and a new round of decline in the latter half of the bear market has begun, with a bear market bottom target of $42,000-$44,000."

The top profit leader before the Binance contract live trading, 0xPickleCati, posted on their personal channel, "Speak of the devil, the devil appears; in a bear market, don't try to guess the bottom, in a few months you might find there is no bottom."