Bitcoin: Where I expect us to bottom.

Bitcoin remains in a bearish cycle, currently approximately 160 days into a correction that historically lasts 300 to 400 days. Despite recent upward price movement and liquidity sweeps, the market structure indicates a redistribution phase rather than a definitive bottom. Current price action suggests a potential for continued range-bound volatility and slow downward drift before a macro bottom forms, likely within the next four to five months. Key technical indicators, including CME gaps and weekly Fair Value Gaps, point toward resistance near 75k to 80k. A sustainable bullish reversal requires significant volume and price acceptance above the 75k to 80k range. Consequently, the current trading strategy prioritizes short positions, anticipating further capitulation below the range lows before any long-term trend reversal occurs.