According to ChainCatcher, well-known Bitcoin market analyst PlanB has predicted that the probability of Bitcoin falling below $61,000 now exceeds 50%, with a similar likelihood of reaching $53,000. This suggests that downward pressure in the market has yet to ease. Crypto KOL GinPic offered a technical perspective, stating: “The auto trend indicator alert shows that Bitcoin's 3-day chart has entered a new downtrend. A new decline in the latter half of the bear market has already begun, with a bear market bottom target of $42,000 to $44,000.” He emphasized that the indicator signals are clear, and the room for further downside may have opened.
Meanwhile, 0xPickleCati, the top trader on Binance’s live all-time profit leaderboard, posted in his personal channel, warning that “speak of the devil, and he appears. In a bear market, don’t guess the bottom; after a few months, you might find there is no bottom at all.” He noted that market sentiment is extremely fragile and that investors should avoid blindly trying to catch the bottom, instead maintaining strong risk management.