A rebound starting in July — is $BTC ending the bear market, confirming a bottom at 60k?



My view remains that a direct V-shaped rally is unlikely. In August and September, there will be a minor upward trend with wide-range consolidation. $BTC ETH has only risen about 7%, while short liquidation amounts have exceeded hundreds of millions of dollars, reaping many long-term bears who chased shorts on the right side.

The essence of the market over the next two months is to lure those chasing highs into a bull trap. There is still a high probability that the market will continue to decline or double-confirm the current bottom price. In short: 1. A direct one-sided move is unlikely now; the cycle is not over.
2. If the previous low price appears again, it will be the last opportunity in four years — seize it.
BTC0.86%
ETH0.85%
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