Bitcoin: We Are Entering the Bottoming Phase.

Bitcoin is currently navigating the final stages of a bear market, characterized by distinct bottoming formations and historical fractal patterns. Analysis of previous retracements reveals a consistent behavior where price front-runs established wick lows multiple times to build liquidity before a decisive move. Current price action mirrors the 2022 macro bottom, suggesting a period of range-bound "chop" followed by a potential capitulation toward the 50k region in late Q3 or early Q4. Alternatively, if Bitcoin maintains its current range above 59k, the macro bottom may already be forming at a higher level than previous cycles. Because markets range 75% of the time to rebalance liquidity and trap hesitant traders, the current 28% drawdown serves as a sentiment extreme that precedes the next violent expansion. Strategic positioning involves trading these uncomfortable ranges and accumulating spot or low-leverage long positions in anticipation of a 100-150% upward move.