BTCUSDTBitcoin / TetherUSBINANCE:BTCUSDTHVP_87As we are heading into August, BTC is still in its bear cycle. I’m expecting the final low to be around $50K, after which we could see a shift to a bullish structure.On the macro side, the Fed is still holding rates steady and has not signaled any hikes or cuts as of now. In my opinion, there is still quite a bit of downside left before a true bull cycle begins.