Bitcoin's long-term logic hasn't changed; this round is still a standard bear market consolidation pattern.

After half a year, the market's reaction to the around 80k pressure level is already quite clear.
It's not that no one is selling above, but that there are people continuously and systematically offloading.
The previously mentioned gap was just a test; it hasn't been truly filled, which is itself a sign of weakness.
The next approach is simple: don't chase confirmations, but instead prepare your positions in advance:
If it approaches around 80,000
→ Prioritize partial short positions rather than waiting for the pattern to complete.
If it doesn't come down
→ Consider tentative entries around 78,000, relying on resistance levels to structure orders.
At this stage, compared to "waiting for confirmation," controlling the pace is more important.
Placing all-in bets on a direction has a very low tolerance for error; entering in parts allows room for adjustments.
As for the support levels below, there's no need to insist on an exact point:
Horizontal range: 60k – 65k
Structural lift: around 70k
Both paths are valid.
My personal approach is:
👉 Start taking partial profits from 65k, rather than betting on the absolute bottom.
Another detail:
Funding rate turns positive again.
This is often not the start of a rally, but rather more like—
Market sentiment shifts back to bullish, providing fuel for the next decline.
Looking at the cycle in a longer timeframe, this phase resembles the "second half" of a bear market:
Remaining time: roughly six months of sideways digestion.
Pace planning:
July–August: Prepare funds
September–November: Start dollar-cost averaging in parts
Of course, the timing can be earlier or later, but the core idea remains:
👉 Don't bottom fish; slowly accumulate instead.
To sum up in one sentence:
This is not a "guess the direction" phase, but a phase of using position management to gain certainty.