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I'm paying attention to BTC currently dropping, now at a level that makes some traders worried. From the chart I see, it seems there is a historical pattern indicating the pressure will continue before the bottom is truly formed.
If we look from a trendline perspective, which is an important indicator to see market momentum, it looks like this—every time BTC drops significantly, there is usually a consolidation phase before a rebound. History shows the same pattern repeatedly, so it's likely we haven't seen the actual lowest point yet.
I think the market still needs time to settle. Trendlines are tools that can help us identify deeper support levels. If that support level is broken, there could be even greater pressure. Worth monitoring for the next move.