Bitcoin is highly likely to dip to test the mining cost around $40,000, but before that, it will first rise to $82,000–$84,000 to clear the liquidity of short positions above.

The market rhythm is ahead of historical patterns. Originally expected to bottom in October, it is now anticipated to complete the bottom and initiate a new bull market in August–September. This round of capital will be highly concentrated in Bitcoin, with ETFs, institutions, and sovereign funds continuously entering, and bear market buying surpassing previous levels. From April to August is the bottom consolidation phase—hold your spot positions firmly, buy the dips, and absolutely stay away from leverage.

Subsequent capital will flow from gold and US stocks into Bitcoin, with their correlation weakening significantly. Only a few high-quality altcoins with strong use cases will outperform Bitcoin in the next bull cycle, with Ethereum leading the next rally. $BTC $ETH