A large bearish candlestick, another day of devastation and widespread despair. Getting to the heart of the matter, will it continue to fall? Yes. Where will it fall to? There's another key support level below, around 62300. Can it hold? Probably not. What if it doesn't hold? If it doesn't hold, look to 58400, or even lower. Where can it go as low as 53000? If the price chooses to drop sharply due to geopolitical issues, it could fall as low as 53000. Is there absolutely no chance for the bulls? Whether there's a chance depends on what the major players are thinking, and whether they can withstand the pressure. After all, in this environment, the selling pressure from retail investors is still very heavy, even at this stage. We can only set a simple standard, for example, whether the price can break through the 65000 level again in the next day or two. If it can, the bulls still have a chance. If not, we'll have to watch the bears continue their performance. But to be fair, as I've emphasized many times before, do you think the major players haven't been accumulating shares? Not at all. Major funds are indeed accumulating shares, but the pace of accumulation is slow, and the methods haven't become complex yet. However, with today's geopolitical events, their accumulation methods may be becoming more sophisticated. For example, this sharp drop has triggered renewed panic among retail investors worldwide, further clouding an already tense atmosphere. Even those who didn't cut their losses at the top might succumb to the pressure of today's conflict and its resulting plunge. What will the result be? A sell-off. But this is exactly what major funds want. However, if those at the top or halfway down the price don't sell and are still holding long positions, should they continue to hold on? That's hard to say, since the above refers to spot market shares, and your long positions have a margin call price. Is it possible for the price to drop to 50,000 or even in the 40,000s? It's possible, depending on your perspective. Anyway, as I've said before, I don't believe the decline will be as severe from this point onward. On the contrary, I'm very much looking forward to the performance after March. When things have really gotten messy, it'll basically be a goldmine again. It's just a matter of time. #CryptoMarketRebound #BitcoinGoogleSearchSurge