Bitcoin is currently retesting a critical support level at $65K, now acting as resistance. As this unfolds, a new pattern is emerging: a falling wedge, which typically indicates a bullish bias. Additionally, the funding rates are negative, suggesting a predominance of short positions, which further bolsters bullish sentiment. If Bitcoin can flip the $65K level back into support, it could signal a strong upward movement. However, if it fails and breaks below $65K, we might see it trading around $60K.