Bitcoin's strongest support level, currently at $50,000, is the one from which it could bounce in any situation. While a bounce from above is possible, this support level is currently quite strong. Bitcoin's trend is downward due to selling pressure in the US markets. However, the Iran-US conflict is not over, and we might see strong selling pressure from ETFs. This could lead to very high market volatility. Bitcoin is experiencing a continuous freefall without any apparent pause, which is quite normal because there is selling pressure and FOMO (fear of missing out) in the market. This could cause panic among some traders, but it's the same for speculators, depending on their individual strategies. Currently, the market is in a strange state.