Currently, the downtrend of Bitcoin is not as severe as before, but it is still continuing to decline. According to the current market conditions, Bitcoin is being drained by altcoins, and a new round of altcoin season may be coming soon.

The altcoins in the DeFi and AI sectors have performed well in this round of market, with Aave, CRV, and Usual rising over 20%. It is estimated that Bitcoin will fluctuate between 94,000 and 98,000. If it drops below 90,000, it might be a good opportunity to build a position.

Generally, drastic declines in a bull market last for 7 to 11 days, and according to the current timeline, it seems to be about to end.