Famous cryptocurrency analyst Captain Faibikbased on the recent bearish wave in the market, both Bitcoin 
$105,106.73 as well as Ethereum 
$3,731.70He stated that it has entered a strong correction process. According to analyst BitcoinThe bullish cycle may be over and the risk of a decline of up to 50 percent is on the table. On the Ethereum side, Faibik emphasizes the possibility of a 30 percent withdrawal.
Rising Wedge Formation Broken in Bitcoin
Faibik’s X BTC/USDT weekly chart shared from his account widening wedge formationIt reveals that . The price of Bitcoin retreated sharply from $ 115,000 and fell to the $ 105,000 range. The analyst stated that the formation target could extend up to $ 50,000 and pointed out a correction potential of 49.6 percent in the medium term.
Current structure according to analyst bull cycleIt indicates that the peak of TL has been seen and profit taking will accelerate in the market. The red area on the chart represents the expected risk range if the price movement below the rising trend line continues. Faibik expects the selling pressure to increase further if Bitcoin falls below $100,000.
Technically RSI and volume dynamics also support the analyst’s bearish scenario. The breakdown of the formation accompanied by high volatility has strengthened the tendency of institutional investors to reduce positions.
Main Trend Line Being Tested in Ethereum
Faibik, for Ethereum, has been protected on the chart for a long time. rising trend lineHe stated that it serves as a critical support. ETH/USDT parity continued the withdrawal it started from the level of $ 4,000 and fell to around $ 3,770. According to the analyst, if this trend line is broken, the price may drop to the $ 2,400 region.
According to the chart he shared, the possible decline rate could be 37.4 percent. Faibik, ETHHe added that if ‘ falls to these levels, the general market sentiment will deteriorate further and investors will switch to risk-averse mode.
While Ethereum’s performance has been highly correlated with Bitcoin in recent months, the weakening of ETF flows is also fueling the selling pressure. Analysts have increased their warnings, predicting that a chain liquidation wave may occur in the market when the trend supports on the charts are broken.
Analyst’s Flash Commentary on Memecoins and Altcoins
On the other hand, Faibik again from account X memecoinA noteworthy one for exit did. “What if memecoins had never existed in the cryptocurrency market?” They damaged its integrity. Instead of fostering innovation and real-world use, the market has become flooded with fraud, greed, and short-term noise. “Cryptocurrencies were created to revolutionize finance, not to become a scam casino.” He continued with his statements and targeted memecoins.
