Woofun AI notes that Jack Yi, founder of LD Capital, characterizes the current Bitcoin market phase as the final downward leg of the cycle. Yi points to July and August as the optimal period for accumulation, aligning with historical bear market bottoms preceding halving events.

Yi bases this outlook on Elliott Wave analysis, describing the recent decline as the third and typically strongest downward wave since last October. He cites U.S. equity markets and MicroStrategy stock performance as key indicators for confirming the bottom. Potential price targets include $51,000, representing a 60% drop from the all-time high, or $43,000, a 66% decline, should the bearish pressure intensify.