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#crypto
All major altcoins are currently trading below their previous monthly candle lows, indicating that the market structure has been significantly disrupted. From a technical perspective, the damage is substantial, and the market may require 5–6 months to fully recover and regain bullish momentum.
At the moment, there is only one key level giving hope to the broader crypto market: Bitcoin must hold above the $48,000 level on the monthly timeframe. A monthly close below $48K could signal further downside and extend the recovery period even longer.
For now, maintaining this support remains the most important factor for any potential market recovery.