The article discusses the current sideways trading range of Bitcoin and the uncertainty surrounding its next move. The analyst, known as Il Capo of Crypto, shares his bearish views and predicts a potential further decline in Bitcoin's price to around $88,000-90,000 and a 10-30% drop in altcoins. He explains that he has reopened a hedge position to offset potential losses and plans to continue holding and buying dips even if a second wave of selling occurs. Despite some small recovery, the analyst believes there are fundamental weaknesses in the market and expects a local bottom to be imminent.



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