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Many people believe that the bottom of this bear market is around 80,000, and that falling too much would cause too much damage to the market. However, I think if the bottom of this bear market for BTC is indeed at 80,000, the accumulation cycle for institutions will become longer, and the market will fall into endless fluctuations. Moreover, the next bull market will have less and less room to grow. The reason is simple: falling too little means limited space. The same logic applies to this round of $BTC . If ETH in the 2022 bear market can drop 95% like in the 2018 bear market, then ETH would have already surpassed 5000 in this bull market. The market is like a spring: the lower it is compressed, the higher it bounces back.
Therefore, to ensure the next bull market has more room to grow, it’s best for BTC to break below 8K, or even below 7K, which would be the most comfortable. The same applies to ETH.
$ETH