Bitcoin bottom has arrived, time to "buy the dip"? Analyst warns: No one can buy at the lowest point, focusing on the accumulation process is the winner.

Bitcoin's recent price movements have been volatile, with calls of "The bottom is in" echoing across the crypto community (Crypto Twitter, CT). In response, crypto analyst Darkfost posted a sobering message today (2nd), stating directly that very few people can actually buy at the "absolute bottom." He urged investors to break the myth of guessing the bottom, instead focus on the "process" of building positions in batches and confirming trend reversals, and specifically praised the pragmatic views of well-known analyst Checkmate.
(Previous context: Bitcoin strongly rebounds to near $61K! $450 million in liquidations crush short sellers, Fear & Greed Index still at 19)
(Background: CryptoQuant founder: Bitcoin's next parabolic bull run requires increased institutional allocation)

Table of Contents

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• The "bottom" in technical terms is just a fleeting moment, difficult for mortals to capture
• Bottom-fishing myth vs. Process-oriented: Comparison of trading strategies
• Following Checkmate's lead: Building positions takes time

When the crypto market experiences sharp fluctuations, X platform (formerly Twitter) is always filled with optimistic voices from various KOLs proclaiming "The bottom is here!" However, this attempt to precisely predict the market low is seen by professional traders as an unrealistic and dangerous move.

This morning (2nd), crypto analyst Darkfost (@Darkfost_Coc) posted an in-depth post on X platform aimed at correcting trading mindset, directly pointing out the widespread "bottom-fishing myth" in the crypto community (CT).

✅ The bottom is in !

I keep seeing this take pop up on CT.

There are a lot of opinions on this famous bottom, but in the end many forget what it actually is.

Technically, the bottom is the lowest point of a trend reversal that has occurred.

In other words, it’s the deepest…

— Darkfost (@Darkfost_Coc) July 2, 2026

The "bottom" in technical terms is just a fleeting moment, difficult for mortals to capture

Darkfost highlighted the blind spot at the beginning of his post: "There are too many opinions about this famous 'bottom,' but in the end, many forget what it actually is."

From a rigorous technical analysis perspective, he defines the so-called bottom as the "lowest point of a trend reversal". In other words, it is often just the "deepest wick" on a 1-second candlestick chart.

"How many of us can actually buy at that famous absolute low?" Darkfost asked sharply. He argued that since we can almost be certain we cannot precisely buy at that point, it is meaningless to waste energy chasing or trying to estimate this "exact bottom."

Bottom-fishing myth vs. Process-oriented: Comparison of trading strategies

To address the common anxiety of retail investors, Darkfost advocates shifting focus from "price points" to "trading process." The following are the core differences between the two trading mindsets:

| Dimension | | --- | ❌ Blind Bottom-Fishing (Chasing the Bottom) | ✅ Process-Oriented (Focus on Process) | | --- | --- | --- | | Focus | Single price point (Price Action). | Process of building positions (Exposure & Process). | | Timing of Operation | Trying to "catch the falling knife" at the deepest drop, extremely high risk. | Patiently wait for bottom consolidation, only conclude after "confirmation of trend reversal". | | Mindset Performance | Prone to FOMO from missing the low, or panic from breaking below expectations. | View the market bottoming as a "consolidation period" that takes time, build positions in batches to reduce risk. |

Following Checkmate's lead: Building positions takes time

In the noisy crypto community, Darkfost specifically praised well-known on-chain analyst Checkmate (@Checkmatey), considering him one of the few who consistently promote the right mindset, repeatedly emphasizing the importance of "focusing on process rather than price action."

"You must understand that building market exposure is a step-by-step process, just as the market bottoming also requires time to consolidate," Darkfost concluded. The only criterion for confirming whether a bottom has truly formed is "confirmation of trend reversal." He urged investors to avoid blindly placing trust in dogmatic claims that "the bottom is here," and instead pay more attention to professional analysts who are willing to explain trading logic and help you manage risk and position.