Is $BTC's bottom at 28k this bear market? I don’t know, let’s check the analysis first. If this bear market is similar to the last one, with a 54-week decline and a 77.6% retracement, then the bottom would be 28k (seems unlikely, right?). This morning, I used Fibonacci and Bollinger Bands to check some potential bottom levels, which are 57k and 41k. I’ll continue analyzing the market from other perspectives. Based on my own support level method, the stronger support levels are around 57k, 51k, 46k, and 42k, with the strongest support being near 46k. Overall, it still seems most likely that the bottom will be somewhere in the 40k range. Of course, the most important factor is the time scale—if the market keeps consolidating until the end of the year, then wherever it drops to will be the bottom. Big thanks to @shede1208 for providing some analytical perspectives. Right now, there are indeed signs that sentiment is bottoming out, but who can guarantee there won’t be one last shakeout? Just like the final shakeout after the FTX collapse—that was the real bottom. Currently, many global stocks and assets are skyrocketing, but if they crash and correct, who can guarantee they won’t drag $BTC down further?