Bitcoin's current price is $65,000, and the market is entering a critical period for direction choice. The current trend is likely to remain in a wide-range oscillation pattern, with a breakout only considered once the trend becomes clearer. Pay close attention to the key support zone between $58,000 and $60,000, which is the core dividing line for determining whether the market has entered a deep bear market. If the daily and weekly candles clearly break below this support level with a significant break, caution should be exercised for a deep correction, with the downside target possibly looking toward $32,000. However, this scenario requires an effective break; premature conclusions should be avoided before a confirmed break occurs.

The more probable current trend is: the price fluctuates within the $58,000 to $70,000 range. Even if the support holds effectively, due to the rapid decline earlier, the market will still need multiple tests to complete the bottom formation, with an expected 2-3 retests for confirmation. In terms of trading strategy, closely observe whether clear bottom signals emerge within this range. Once formed, it can be seen as a sign of a rebound initiation, and appropriate positions can be taken; if the support is broken, the rebound logic becomes invalid.

From a trend structure perspective, the bullish support has not yet fully manifested. The potential support zone is between $56,500 and $57,000, while $60,000 remains a key psychological level to watch. Regarding Ethereum, the support level is slightly lower, focusing on whether the $1580–$1600 range can effectively hold.