Several meaningful catalysts are converging in June that could prove significant for Bitcoin's near-term trajectory. When we called the start of the Bitcoin bear market in October, our initial expectation was for a cycle low to form around the FIFA World Cup, and while our trend model remains bearish and our high-conviction Ethereum short from two weeks ago is playing out, the bottoming process may already be underway ahead of that window.

Reversal indicators are beginning to flash signals that matter, both for short-term traders looking to position tactically and for longer-term investors seeking an entry point. Still, the headwinds are real and visible: ETF outflows, stablecoin contraction, and trading volumes at historic lows all point to near-zero conviction, but that is precisely the environment we anticipated for a major cycle bottom.

Below, we outline the indicators and catalysts now in focus, as well as the trades worth considering.

Ethereum (LHS) vs. ETH Dominance (RHS)