The crypto market is experiencing a significant downturn, with Bitcoin and Ethereum showing weakness. Bitcoin has broken below key moving averages, signaling a bear market, and is now considered to be in a "cheap" region for accumulation. Geopolitical tensions and a shaky traditional stock market are contributing to the overall negative sentiment. Analysts anticipate further downside for Bitcoin, potentially reaching the 280-week moving average. Short-term targets for Bitcoin are around $63,000, with a more aggressive target at $57,000, which could mark the bear market bottom. A reflexive bounce is expected due to oversold conditions, potentially filling a CME gap up to $64,000. Watch for a weekly open above $76,570 for bullish signal, with key support at $67,135 and resistance at $81,000.