Rekt Fencer|7月 03, 2026 11:40
$58K WAS NOT THE BOTTOM
Everyone wants the bottom to be in because they’re tired
That’s usually how the trap starts
Every real cycle bottom had the same ugly checklist:
→ 75%+ drawdown from ATH
→ negative funding
→ dead market
→ no alt pumps
→ mass liquidations
→ everyone convinced it’s over
We don’t have that yet
BTC is only down around 53% from ATH
Funding is still positive
Alts are still catching bids
The market is not dead enough
So yeah, BTC can bounce 10%
Alts can rip for a few days
Your timeline can flip bullish again
But that does not make $58K the bottom
It makes it another exit pump
We already saw this twice in the last year:
$80K in November → $97K in January
$60K in February → $80K in May
Both looked clean
Both were traps
The level that matters is still $58K
Once it breaks, the move lower can get violent fast
My levels:
→ $51K: first BTC buys
→ $47K: add more
→ $42K: likely cycle low
That’s where you want cash ready
Not after one green candle makes everyone brave again
I think this plays out over the next 4-5 months
Then the boring part starts
You buy when the market looks dead
You sit while everyone calls you wrong
Then you sell when the same people are convinced BTC can never go down again
That’s where the 4-5x comes from
Not from chasing the bounce
Got it?(Rekt Fencer)
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