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Let me explain why the bottom of this bear market will be at 58,000: 1) The Fibonacci retracement 0.618 level from 127,000 to 15,500 for BTC is a strong magnet, providing significant support; 2) 58,000 has broken below MicroStrategy's cost basis of 76,000 and also below most miners' shutdown prices, indicating the market is already in despair; 3) Currently, Wall Street institutions dominate BTC, unlike in 2022 when the market was mixed. When it drops to 58,000, institutions will rush to buy.