Hello everyone, $BTC ‌

As Bitcoin hovers near its 2021 peak levels, the current support zone is looking increasingly vulnerable.

This pullback feels unlike previous market cycles. Fresh retail participation has slowed significantly, while institutional buying momentum also appears to be fading. Instead of shifting into traditional defensive positions, a large amount of capital is being redirected toward AI-related sectors, reducing liquidity across the crypto market.

Because of this, there is a meaningful chance that the present support fails. Should that happen, the $40K range may become the next key area to watch, with the $30K zone potentially serving as the ultimate cycle bottom.

From my perspective, the market is experiencing a harsh reset. I believe the final bottom could arrive around November or December, laying the foundation for the next significant bull market.