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But my view is still cautious.
Judging by historical cycles, liquidity timing, and market sentiment, I still can’t rule out a deeper pullback before the end of the year.
In particular, during the 9–11 month window, I believe BTC could test the $50k range again.
In extreme cases, if the macro environment weakens and market liquidity tightens, I also don’t rule out seeing levels around $40k.