The speaker discusses Bitcoin's current position and potential future movements. They note Bitcoin's drop to 77,000 K and the potential for bullish divergences on the order flow ratio. However, the speaker expresses skepticism about a sustained upward move and suggests waiting for clearer signals. They also mention the possibility of a drop below 70,000 K. The speaker emphasizes the importance of having the right mindset as a trader and understanding the market dynamics, particularly around potential reversals and breakouts. They conclude by highlighting the need for caution and waiting for confirmation before entering trades.