Too many market participants turned aggressively bullish around the $78K level on Bitcoin.

We witnessed a similar sentiment shift back in January 2026 — and it was followed by a roughly 37% correction.

At this stage, the market structure doesn’t resemble a true bottom.
During 2022, there was clear fear, strong capitulation, and significantly less noise.
Currently, every minor bounce is being labeled as “the bottom,” which is usually a sign that the real bottom has not yet formed.

This doesn’t rule out the possibility of short-term upside, but the broader target and overall outlook remain unchanged.
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