BTC this morning, it briefly dipped to 65,762, then rebounded above 67,000, forming a classic V-shape. Two weeks ago, it was still standing at 76,000, now down nearly 15%. The reason isn't complicated—repeated fluctuations in rate cut expectations, rising U.S. Treasury yields, and the entire risk asset sector taking a hit, with Bitcoin no exception.

But the 65,000 level is indeed solid. In Q4 last year, many institutions built positions here, with on-chain chips clustered around this area. If you look, every time the price approaches this zone, buy orders appear. This morning is a vivid example. The daily chart has been grinding between 65k and 67k for four consecutive days, with decreasing volume. Both bulls and bears are waiting for a signal.
Looking downward, a drop to 60,000 isn't impossible, but it requires a premise: a confirmed breakdown of the 65,000 daily level—not just a quick spike intraday, but a close below that level that can't be reclaimed. Once broken, 62,000 becomes the next line of defense, and in extreme cases, 60,000. Honestly, given current volume and sentiment, unless there's an unexpectedly hawkish signal or some black swan event, the 65k line won't be easily broken.
What about upward movement? 80,000 sounds great, but from 67k to 80k is a 20% increase, requiring sufficient new capital and narrative support. Continuous large net inflows into ETFs, a clear path for rate cuts, or the emergence of new market hotspots—at least one of these conditions needs to be met. Currently, there's no obvious sign of any.
So my view is that in the short term, Bitcoin is likely to fluctuate between 64k and 72k, digesting the bearish pressure sideways. It won't quickly drop to 60k, nor does it have the capacity to directly surge to 80k. The key variable in the direction is that 65,000 line—holding it means building momentum, breaking it means stepping down.
‍#BTC能否守住6.5万美元？
$BTC