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In the 2022 bear market, we also saw a sharp move in early June that marked a new lower low for $BTC. After that, price consolidated between ~$19K–$25K for months, until the final capitulation in November (FTX), which ultimately marked the bear market bottom.
It’s possible we see a similar structure play out again.
Right now, we could be in a broad consolidation phase between ~$59K–$75K, before a potential final flush lower and then a base for the next bull cycle.
I don’t expect major directional moves in the coming months, more chop than trend.
In that environment, patience matters:
Look for long opportunities closer to ~$60K–$61K
Consider shorts nearer ~$70K–$75K
Avoid overtrading in the middle of the range. That’s where most stop losses tend to get hit.