BlockBeats News, July 19th. Market analyst Noname published a post refuting the current "bottom is in" narrative, believing that it is too early to determine the bottom. The current sideways movement is essentially indecision, and "indecision at this level usually breaks down before it breaks out."

The analyst provided a clear path prediction for the second half of 2026: July will be a "false stability" with a short squeeze rebound, shaking out weak hands; August will see the actual downtrend begin, testing the $50,000 area for the first time; September will continue the pressure, forming a W-shaped bottom structure; October will mark the true bottom and accumulation zone, transitioning to an aggressive participation strategy; November will show initial signs of recovery, with prices starting to bounce from the bottom; December may see the possibility of returning to $100,000 for the first time since the bear market began.

The analyst emphasized that the final round of sell-off still exists, but most people are unwilling to believe it. "Don't let the sideways action confuse you." From a rhythm perspective, the decline since the June peak is a comprehensive liquidation of the three-year gains. Previous bear markets have all ended with a pullback of over 80%. The current price is about 50% below the previous all-time high. If history repeats itself, even lower targets should still be expected. The analyst predicts that the ultimate bottom will not drag into the fourth quarter. This round will be completed in the third quarter, with an oversold area where volume expansion can be observed in August to September. A breakout will then occur in the fourth quarter, and returning to $100,000 by the end of the year will be the minimum rebound target needed for bullish structural damage repair.