Analysts Still See Bullish Structure Despite the Dump

[AIcash]

Despite the $4,500 drop, some analysts remain optimistic. Trader Sykodelic called the move “a great start to the month,” noting that downside liquidity was swept early, the CME gap is closed, and $400 million in long liquidations resets market positioning. With overextended longs flushed out, bulls may see this as a healthier setup for the next leg up — provided BTC can reclaim key levels in the coming days.

[Nahid Hossen]

Even after the drop, the broader structure still leans bullish long-term.

[Abdul Khan]

Strong market fundamentals remain intact despite short-term volatility.