I'm watching this dip in Bitcoin seriously — the fall to about $86,300 after a brief rebound definitely feels jarring. The failure to hold above $90,000 suggests the bulls might be running out of steam for now. I don't think we can rule out a move toward $80,000, especially if macro pressure (like higher rates or risk-off sentiment) re-emerges.
That said, I'm not convinced the rebound is completely over — markets often overshoot on the downside. If we see consolidation around $85K–$88K, that could offer a base for another attempt upward. The volatility remains high, which means rebounds can be sharp if there's a catalyst (like dovish central-bank commentary or renewed institutional demand).
Still, I wouldn't be surprised to see a drop toward $75,000 if support fails, especially given the psychological impact of missing $90K. That level isn't just a number — a slide like that could shake confidence, possibly triggering further selling as weaker hands exit. So I'm bracing for that risk even if I don't want to assume it's inevitable.
If I were trading or investing now, I'd probably take a cautious stance: maybe scale in with small positions, or wait for some signs of stabilization before adding meaningfully. On the options or derivatives side, it might even be wise to look at hedging — or setting tight stop-loss levels — rather than chasing another breakout.
Bottom line: yes — a slide toward $80K or even $75K is entirely within the realm of possibility right now. But I'm also staying alert to any rebound triggers. Until I see stronger conviction (either macro-economic or on-chain / demand side), I'm prepared for volatility in both directions.
As a retail investor, I focus mainly on the US and Singapore markets, combining a mix of technical trading and long-term investing strategies. I enjoy analyzing charts, spotting patterns, and making calculated moves based on both market sentiment and fundamentals. While I'm not a professional, I treat my portfolio seriously and continue to learn and grow with each trade. If you're also navigating the markets and enjoy discussing stocks, options, or market trends, feel free to follow me. Let's learn and grow together as a community.
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