bitcoin:native Decentrader View And now, my overall view . A little bit long to read . There are definitely signs that the bottom may already be in, but if that is the case, it would be an earlier bottom than what we’ve seen in previous cycles. We could still revisit the lows, or at least the $63K–$65K area, especially if BTC loses $75K. What I see right now is a lot of FOMO, and I think most dips will continue to be bought very quickly. That can also be a sign that a bottom is forming. What could confirm or invalidate the bottom scenario from here is mainly inflation and Fed policy. If we get bad macro news and BTC still holds $75K, that would be extremely bullish. If we dump toward $65K, I still wouldn’t automatically call that bearish. A retest of that area can still fit within a bottoming process. What worries me more is that too many people may already be right about the bottom, and the bottom may have formed too early. You can see some of this in open interest. A large number of longs are concentrated around the $63K–$65K area, with another major cluster around $73K–$75K. That means there is a lot of liquidity sitting around those levels, and I would not be surprised if the market revisits one or both of those zones over the next 1–3 months. A first major confirmation that the bottom is already in would probably be a weekly close above $83K–$85K, followed by continuation toward $90K+. If that happens, it becomes much harder to argue that the cycle bottom is still ahead of us. But for that to happen this year, I still think the macro environment needs to cooperate. Even for me, it is not easy to say with confidence whether the bottom is already in or whether BTC still has another leg lower. At this point, there is not much left for me to do other than wait through September–October and see how the structure develops. Based on my own framework and the indicators I use to track cycle bottoms, I still believe the final bottom is probably not in yet. The chart now shows my official levels where I plan to deploy my cash into spot if BTC moves lower. For now: patience. The next 1–3 months should tell us a lot.(Decentrader)