The market continues its decline, dropping another 300 points since the last post and marking $5950 as a key level. As of 2025/3/15, the market sits at $5550 a pivotal point—one where we could see a bounce, a quick crash, or a 2022-style bear market. The picture below tells this story for the last five years.
A rebound from this level is possible, but I don’t see strong signs of capitulation—no extreme downside correlation or oversold conditions. Position cautiously, recognizing that while these levels can present opportunities, they also come with the risk of heavy drawdowns.
Related note: