Bitcoin Is Approaching A Major Correction

Quick update on Bitcoin for you guys
Based on the current chart structure, I see Bitcoin facing the possibility of dropping below 60,000 USD as soon as next week if selling pressure continues to increase.
With this scenario, the market may still not have formed a bottom in the short term. Personally, I believe the cycle bottom may not appear until around October, with a potential price range of around 40,000 USD before the market truly stabilizes.
One notable factor is the lack of excitement around the peak in 2025.
In previous cycles, the market often ended with an extremely strong FOMO phase, where money poured in very quickly. But this time, investor enthusiasm is quite low.
From my perspective, this leads many to underestimate the likelihood of a stronger sell-off than expected.
Therefore, I believe the probability of a deeper correction than the market expects is entirely possible.
If liquidity is continuously swept and market sentiment shifts to defensive, Bitcoin could even drop below 30,000 USD before forming a true bottom.
In other words, according to my observations, the market is still in a risk revaluation phase, and significant volatility may still be ahead.
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