The analysis indicates Bitcoin is currently in the 'Fair Value' region. Maintaining price above the 50-week moving average is crucial. Failing this, a break in structure could lead to a downside to $65k or $70k. The speaker notes an expectation of a sizable mean reversion bounce back to the 50-week moving average if the cycle is over. The Fear and Greed Index is at extreme fear for the first time since April which the analyst states implies that selling is not advisable at the moment. Death crosses on Bitcoin's daily chart have marked local bottoms, and this could repeat. $109k is identified as prior resistance, if that level is taken again this could trigger a final push.The speaker believes long term holders have locked in gains in the current cycle, reducing downside risk but the longer term trend for bitcoin is to follow global liquidity.ETH/BTC shows strong resilience selling off slower than BTC, however its ETF is showing outflows. Solana approaching a macro support level where at the very least, a bounce is expected. Analyst sees a mean reversion bounce.