The latest analysis report from Bitfinex Alpha points out that the Bitcoin market has experienced significant fluctuations recently. Last week, BTC fell sharply by more than 11% from its high of $66,587 at the end of September, once falling to $58,943. However, the selling pressure later eased and the price quickly rebounded to $64,500. The actual price for short-term holders (around $63,000) emerged as a key resistance level. A break above this level could spark further gains, while a failure could lead to a retest of support at $59,000 or even $55,000. Bitfinex Alpha believes that the market is still in a passive state, and future trends will depend on whether Bitcoin can break through the actual price of short-term holders. Traders are advised to be alert to potential pullbacks while preparing for a possible strong rebound.