10X Research: Bitcoin may currently be in a countertrend rebound window, but the risk of dropping to $50,000 within the year remains. This week, the crypto market faced pressure from Bitcoin spot ETF sell-offs and forced liquidations, coupled with increased volatility due to a sell-off in software stocks. Although some investors entered the market to absorb the sell-off, causing a short-term rebound in prices, market participants remain cautious about the bottom, with expectations that Bitcoin could hit new lows or even fall to the $40,000 to $50,000 range. PANews February 7 report, according to CNBC, states that the selling pressure in the crypto market this week mainly came from Bitcoin spot ETF sell-offs, forced liquidations triggered by sharp price drops, and the spillover effect from the sell-off in software stocks, further intensifying market volatility. However, some investors stepped in to support the market, leading to a rapid short-term rebound. Currently, most market participants remain cautious about whether the bottom has been reached. 10X Research, a crypto research organization, points out that Bitcoin may experience a brief countertrend rebound or consolidation next, but it could hit new lows again this summer. The organization's research director Markus Thielen estimates that Bitcoin could potentially drop as low as $50,000, even falling into the $40,000 to $50,000 range.