Are we in the late phase of this bear market, or is there more downside left?

I’ve been trying to figure out where we actually are in this cycle and whether we’re in the final leg of the bear market or just in the middle of a longer downtrend.

From some of the recent cycle/TA breakdowns:

\- Key support zones often mentioned for BTC are roughly $56–62k, then deeper levels around $44k and even $39k if the bear market extends.
\- Historically, crypto bear markets last about 1 year, followed by \~3 years of bull market, but many argue institutional flows (ETFs, treasuries, etc.) are stretching/distorting that pattern.
\- Seasonality-wise, some analysts note that July tends to be one of the more bullish months in a bear market, with Aug–Sep often weaker, and potential lows forming into Q4.

Do you think we’re in the final phase of this bear market or we’re still in the middle of a longer bear/consolidation phase with more downside or chop ahead?