The quarterly chart has consecutively printed three large bearish candles—this isn’t just a normal correction, but rather the risk release phase of a major cycle. With this level of market movement, it’s almost impossible to reverse with just one or two bullish candles. Over the next six months, I’m more inclined to believe the market will continue searching for a true liquidity bottom, rather than directly kicking off a new round of upward momentum. Around $59K, there’s some support, but it’s more defensive than offensive. Without new inflows of capital, every rebound will struggle to turn into a full reversal. What’s truly worth paying attention to isn’t whether $60K can hold, but whether the market can regain stability this quarter. If it breaks down, market sentiment and leverage could face further clearing, and prices may continue to search for liquidity lower. A true bottom is never called out loud. It’s formed slowly, when everyone starts doubting the bull market.