Sentiment & Patterns:
Traders and prediction markets now price a high chance of further downside — including a possible fall below $55,000 — if bearish patterns complete.
Some analysts argue this drawdown is comparable to historical corrections, though not as deep as past cycle lows (~-70%+).
📊 Where We Stand Technically
Bitcoin’s breakdown through support levels $BTC and elevated liquidation metrics reflect sustained downside pressure, typical of a bear market phase.
$BTC Bitcoin Magazine
Short-term rebounds are possible, but broader market indicators remain tilted toward continued volatility.
Analytics Insight
📌 Key Levels to Watch
Support: $60,000 (psychological); $50,000–$55,000 (deeper technical support scenarios).
Resistance: ~$70,000–$76,000 area — reclaiming this zone could ease immediate bearish pressure. #RiskAssetsMarketShock #MarketCorrection #BitcoinDropMarketImpact 
