The 'double bottom 59K' is a true bottoming or bullish trap ❓ Affected by the US stock market, BTC once again fell to 59K during the opening session of the US stock market last night, However, a rapid rebound occurred afterwards, and many friends began to be curious: Does this mean that we have completed a second exploration Today, I plan to come back from the perspective of liquidity, Let me share with you some biases about the 'bottom structure of health'. Enter the main text below ： // As shown in the attached figure: Just as the US stock market fell last night, BTC was also affected and showed a downward trend, And briefly fell below the previous low of 59K. Many people are beginning to question, 'Is this a second dip in health?' From Liq's perspective, let me first say the conclusion: 'Most likely not'. Although the price briefly fell below 59K and quickly experienced a surge, But considering that the drop is too small, if we raise the level, In fact, compared to the previous low of 59K, the 'new low' formed by this drop below the previous low is, Instead, it is more inclined to 'form a new equal low'. A similar situation actually occurred at the end of March this year (when BTC was at 65K), At that time, I publicly declared in a post that 'the future will definitely return to 65K', which later confirmed my viewpoint, Interested friends can refer to the analysis post at that time ： https://(((x.com)))/market_beggar/status/2038431592616787973 In other words, although the price did drop below 59K, the magnitude of this drop was too small, In terms of the underlying logic of Stop Hunt, it actually does not meet the conditions for hunting liquidity, On the contrary, it is more like forming a new liquidity (new gravitational zone). Moreover, from the perspective of on chain analysis, this drop did not fall into the deep bear valuation model area, Therefore, it is somewhat far fetched to define this wave of decline as the 'ultimate cyclical bottoming out'. Golden Pit Tracking Series (17): Latest Data from the "Four Major Deep Bear Bottom Hunting Models" https://(((x.com)))/market_beggar/status/2062713685639049363 In conclusion, I do not believe that last night's downfall was a true cyclical bottoming out, In my personal trading system, the ideal bottom structure I expect is shown in the attached diagram: Kill again (truly meet the Stop Hunt condition)+step into the deep bear valuation model area. Based on this, if you are a cyclical trader like me, I think the best strategy currently is still to 'wait for the last little tremble'; The BTC bear market has been going on for over half a year, so we don't need to act impulsively at the end of the bear market, Maintaining patience and discipline are fundamental qualities of a cyclical trader. Of course, based on the signal of "PSIP<50%", if you are really too lazy to stare at the disk, Regularly buying BTC in batches is also a reasonable choice: https://(((x.com)))/market_beggar/status/2063800180227588374 The above is today's content, hoping to be helpful to everyone