Analyst: The current round of Bitcoin sell-off is mainly triggered by the liquidation of leverage, suggesting to "buy in panic."

Wellington-Altus strategy analyst James E. Thorne stated that the "head and shoulders bottom" pattern of Bitcoin has not yet been broken, with the left shoulder around $59,000, the head around $57,000, and the right shoulder currently forming. Bitcoin needs to first reclaim $73,000 and then break through $87,000 to confirm this pattern.

If the pattern is confirmed, Thorne sees a mid-2027 target of $117,000 and expects Bitcoin to subsequently break through the historical high of $126,000, with an end-of-year target of $150,000 to $170,000. He believes that the current round of selling is mainly triggered by the liquidation of leveraged positions, rather than a deterioration in fundamentals, and suggests buying in times of panic. If Bitcoin falls below $57,000, the above judgment will become invalid.