Last week, the US stock market performed tepidly. The Nasdaq fell 0.4% intraday, the S&P 500 dropped 0.3%, while precious metals collectively retreated — gold declined the most, with a drop of 4.7%, and the US dollar index slightly decreased by 0.02%.

The most interesting point is Moody's economist Mark Zandi's latest assessment: the Federal Reserve may start multiple rate cuts in 2026, with a cautious pace and a relatively gentle downward slope. This gives the market some room for imagination.

Many now see 2026 as the main stage for a bear market, and those still continuously buying Bitcoin at the bottom feel that the risk is a bit high. The bulls have indeed been under some pressure lately; although there have been more rebounds, their strength is weakening. This might actually indicate something — volatility is being suppressed, suggesting the market is accumulating energy. Once the direction is confirmed, the trend could become very fierce.

From a technical perspective, if the Nasdaq can hold above 25,000, there is some support. But if it crashes, whether Bitcoin can hold its ground becomes a question. Some predict it might retest $70,000.

The current advice is: don’t rush to go all-in, and don’t be purely defensive either. Choose based on your risk tolerance — either maintain a steady position or look for opportunities amid volatility. The key is to wait for a confirmed direction to emerge.

Market cycles are like this: some always miss out, while others turn around. Be patient; opportunities will come.