心如大魔王

$64000, is this the bottom or the end of the rebound?

After topping at $126000, BTC has gone through:

12.6w → 8w
Rebound to 9.8w
Dropped to 6w
Rebound to 8.2w
Dropped again to 5.77w

Now, BTC has rebounded from 5.77w to 6.69w, and then pulled back to around 6.24w.

Many people are starting to say the bull market is back, but I don’t think we can rush to conclusions yet.

Technically:

$6.24w is the short-term lifeline.

If it holds here, BTC still has a chance to challenge again:

6.69w → 6.9w weekly mid-band → 7.2w

If it breaks below 6.24, it would suggest that 6.69 might have been the high of this rebound, and the market may seek out 5.77—or even lower—again.

Right now, the most important thing isn’t guessing the bottom, but whether the market can reclaim key resistance.

In the final stage of a bear market, the biggest opportunities often appear when everyone is hesitating.
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