In the 2025 bull market and the 2026 bear market, there is a common point: sudden fluctuations and large swings catch everyone off guard.

Currently, Bitcoin is around 65,000. What’s the next move?

There was a rapid plunge in the morning, followed by a strong rebound of nearly 7,000 points, then it faced resistance and pulled back to around 65,000 for adjustment.

The closer we get to 60,000, the less likely I am to chase short positions, even if the market is bearish. I would rather miss out. Everyone knows it’s a bearish trend now, but few actually chase after it. Even if the monthly chart shows a potential extension down to around 52,000, so what?

Because this wave of retracement is too large, many people still haven’t recovered mentally. Such rapid market movements can also lead to quick reversals—after a sharp decline, there’s usually a rebound, short covering, or a retest of 60,000. Everyone is guessing blindly because there’s no real technical basis at this stage.

Of course, if you’re shorting, go ahead. I prefer to stay on the sidelines. If the price drops to around 62,000/60,000, I might consider adding a small position, because I firmly believe that regardless of bull or bear markets, the market can’t wipe out all retail investors completely.

Under the current trend, in the short term, keep an eye on the support zone around 62,000-63,000, and resistance at around 67,000-68,000. As for how the US stock market will move, it still depends on the US market’s cues. But I lean towards a weak rebound followed by a moderate rebound. As long as Friday closes above 65,000 in the green, next week could present opportunities…$BTC