What are the characteristics of the Bitcoin bear market bottom???

Why do I think that the $60,000-$70k range is not the bottom? The reason is simple: Bitcoin's bottom won't be a pointed bottom, but a sideways trading range.
The bear market bottom in 2015
Figure 1
The bear market bottom in 2018
Figure 2
The bear market bottom in 2022
Figure 3
Looking back at the previous cycles, we find astonishing similarities.
At the end of a bear market, there is often a final dip that breaks through everyone's psychological defenses, followed by diminishing downward momentum, causing the market to enter a sideways range, then a rally begins, ending the bear market and starting a bull market. This is how each bear market bottom occurs.
In fact, this is no coincidence; the 4-year cycle is still at work.
So there's no need to rush to catch the bottom; the lowest point of the bear market is most likely a sideways range, a rounded bottom, or a U-shaped bottom. Bottoming out takes time.
If you're unsure about catching the bottom, wait until the sideways range lasts for a while, then start to rally on the right side—this is a clear bottom signal.
How to define bull and bear markets?
A week of decline followed by three days of rise is a bull market.
A week of rise followed by one day of decline is a bear market.
So everyone already knows whether it's a bull or bear market now #我的Gate交易时刻