BTC is repeatedly forming a door pattern. Will it break below 60,000? Which coins are worth buying during a bear market?

BTC is showing short-term door formations. Honestly, I’m not paying much attention anymore. The short-term resistance levels are around 68,000, 70,000, and 72,000, which are densely packed resistance points. The key supports are at 65,000 and 60,000. Of course, the current market is already in a bear phase, so the main strategy is to sell on rebounds and short at highs. A simple long-term approach is to patiently wait for BTC to rebound to 75,000–78,000, then short down to 50,000, and heavily buy in, aiming for a target of 250,000 USD.
As for the short-term market, just refer to this article.
The short-term trend has not changed.
Now, let’s discuss today’s main topic: will BTC break below 60,000?
Let’s analyze where BTC might be on the weekly chart. I believe we are currently in a unilateral downtrend behind the yellow circle, corresponding to the second phase of the bear market. In this phase, even seasoned investors will try to buy the dip, but most will buy halfway up the mountain. The subsequent pattern will include continued decline and sideways movement (since everyone knows it’s a bear market). It will end with a weekly volume spike on a full sell-off, which marks the bottom of the left-side spot market (though entering now might trap you for a year). After that, a long period of sideways trading will follow.
Also, a risk to watch out for: look at the trading volume below. As seen on the weekly chart, the volume has become very thin. If BTC’s narrative collapses, don’t be surprised. Additionally, there’s the “sell-out” theory: if supply dries up, it could cause a price collapse. BTC, being a naturally deflationary currency, faces this issue.
Therefore, a break below 60,000 is basically a certainty. The optimal buy zone is between 53,000 and 43,000, expected to appear in the second half of 2026.
After October 11, if US stocks dip slightly, Bitcoin will crash. Every time Bitcoin crashes, altcoins fall even more. The entire capital flow and exhaustion chain are very clear.
Also, a reminder: in the coming weeks, gold should be sold on rebounds. BTC’s cycle clearly overlaps with gold’s decades-long cycle—sometimes positively correlated, sometimes negatively, but not necessarily always.
BTC’s cycle revolves around halving events.
By the end of 2026, as the bear market bottoms out, BTC will likely enter at least a 3-year bull cycle. So, clearing out gold this year and waiting for Bitcoin’s deep bear bottom is the right move now.
Many people ask what to prepare for the next bull market.
First: BTC
No need to explain. Regardless of the cycle or stage, it’s the most valuable long-term bottom asset.
Second: ETH
Ethereum is worth accumulating for the next bull run.
My personal judgment is that during this bear market, ETH around $1,000 has a high chance of seeing one more rally. It’s a very comfortable accumulation zone.
ETH’s poor performance this round is mainly because the last rally was too strong, overextending expectations, so people are less optimistic now.
But this collective disappointment often leaves room for explosive growth in the next cycle.
Third: CRCL (US stocks)
My bottom estimate is between $30 and $50.
If it really drops into this range, it’s a potential ticket for a 10x rally.
Fourth: TRUMP Token
This round is basically over, but the next one looks promising.
If Trump survives the midterm elections and remains in office until 2027–2028, TRUMP could become one of the most explosive memes in the next cycle.
The logic is simple:
1) The bear market will push its price very low, possibly to $1, which would be like a tenfold cut;
2) It’s not fully unlocked yet, so there’s no momentum to pump it; we must wait until unlocking is complete and the whales switch hands;
3) Fully circulating + ultra-low price + current president support—this combo is very strong.
The next cycle could see it ignite directly.
Fifth: CoinAn
It’s almost certain to go spot trading.
As long as CoinAn remains a top exchange, it will be a major meme in BSC, and it will definitely perform well in the next cycle.
Sixth: Fartcoin
No need to say more. Its meme vibe is very pure, and it will perform well in a bull market.
Seventh: Useless
The leader of the nihilism sector.
It has deep logic and is one of my long-term observations.
Eighth: HYPE
Has fundamentals, narratives, and consensus. It will also be a hot topic in the next cycle.
Ninth: Polymarket (launching next year)
The narrative in this sector is very strong. Once it launches, it will be on the watchlist.
Tenth: Pump
Key factor is the competition at the launchpad.
If it remains the top project in the next cycle, there’s a lot of room for further growth.
Eleventh: TAO or VIRTUAL
AI is the future trend. Currently, there are many AI-related tokens in crypto, but only these two have solid fundamentals.
Twelfth: WLFI or ENA
Stablecoins are expected to be a major application in the future of crypto. Besides CRCL, WLFI and ENA are also worth watching. WLFI has Trump’s support, so it should be fine until the next bull cycle. ENA, although currently suffering a severe decline, is normal—its core is an algorithmic stablecoin.
In a bull market, playing well with these can be like printing money—annualized returns of dozens of percent, similar to Luna’s doubling. In a bear market, it’s a death spiral that can cause runs and crashes. Whether to go all-in or stay away depends on your understanding and insight into the overall market trend.
Bull market ENA is awesome.
Bear market ENA is trash.
#Celebrating New Year at Gate Square