Yi Lihua: July and August are the best times to buy the dip. This will be the last big drop for Bitcoin.

On June 29, Liquid Capital (formerly LD Capital) founder Yi Lihua said that this decline is the third wave since 1011. If we follow wave theory and cyclical rules, this is Bitcoin’s last wave of major sell-off.

What everyone is most concerned about is the bottom price Bitcoin will reach this time. The main factors are the US stock market and MicroStrategy, as well as whether the Federal Reserve’s concerns about CPI will trigger changes in expectations for rate cuts—and even rate-hike expectations—which in the past have always led to a sustained pullback in the US stock market.

Second, at the tail end of past bear markets, black swan events or a major scandal/default/going bust have often occurred; this time, they have not yet appeared, so they need to be closely watched.

Based on Bitcoin’s all-time high of 126,000, a 60% drop would bring it to 51,000, while a 66% drop would bring it to 43,000. In any case, July to August should be the final window—also the best time to bottom-fish—and even the most worth acting on opportunity in the next three years.