The bottom hasn’t truly arrived yet.

Looking back at past bear market cycles, you’ll find that before every round of bottoming, there is first a large-scale sell-off—this time will be no exception.

Right now, we are in the rebound phase of the 14th turning point, and after this rebound, it will most likely trigger another round of declines.

But I believe the price will find support and rebound in the 59,000–61,000 range, then trade sideways and consolidate above 60k, lasting all the way until the end of July.

Ultimately, in early August, there may be a final, brutal sell-off, at which point the real bottom will be established.
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