GoodLife99
11-23

great sharing [Like], was wondering if to get some quick profit when it's reaches 80 on Friday.

Looking to enter at 70s & 60s. Saw big com crypto ETF selling from 11/19 - 11/20.

Hope its a short term bounce & I'm not too greedy to miss the opportunity as day graph show upwards momentum but seems like M & Q are telling the difference storyline.

@Lanceljx：
Here’s my view on the recent plunge in Bitcoin (BTC), where we stand and where we might be headed — with the usual caveat: this is not financial advice. --- What’s happening 1. Bitcoin recently dropped below the US $90,000 level and slid to around the US $86,000 mark. 2. Market sentiment is shifting distinctly bearish. For example: The probability of year-end Bitcoin price below US $90,000 is estimated at about 50% in one study. Analysts point to “max pain” zones (cost bases of big institutional holders) around US $84,000 to US $73,000 — meaning these are levels where forced selling/liquidation risk is elevated. 3. The wider macro and structural backdrop is weak: Liquidity concerns (higher interest-rate environment, less bullish central-bank stance) are weighing on risk assets like crypto. On-chain data show short-term holders taking losses, mobile supply getting redistributed, hinting at a deeper corrective phase rather than a simple dip. In short: the key support at US $90K has failed, short- and medium-term momentum is negative, and structural tailwinds appear weak for now. --- What’s next (price targets / scenarios) Given the current state, I think we should consider both base‐case and bearish scenarios. Base case If the market enters a consolidation and buyers slowly step in, I see support forming around the US $82,000–US $85,000 range. Some analysts are already pointing here. If this holds, Bitcoin may form a base and then attempt a recovery back toward US $90K–US $95K once macro signals (e.g., interest-rate cuts, institutional inflows) improve. Bearish scenario If the selling pressure continues and macro conditions stay unfavourable, a deeper decline is plausible: The “max pain” band between US $84,000–US $73,000 remains a key risk zone. Some analysts suggest a move toward US $60,000 if liquidity worsens and institutional outflows persist. Therefore, if you asked for a specific next target: US $80,000 is a very plausible short‐term downside zone (if US $85K fails to hold), and if that gives way, the next “hard” level to watch is the low-to-mid US $70,000s. --- Key factors to watch To gauge which scenario may play out, keep an eye on: Institutional flows (ETF inflows/outflows, large wallet activity) Central-bank policy and interest-rate expectations (as these drive liquidity) On-chain metrics of investor behaviour (who’s holding vs selling) Cracks in key support zones: if US $84K/US $85K break decisively, that increases odds of deeper drop --- My summary view Given your interest in broad market trends, my view is that we are not yet at a safe “buy the dip” moment for Bitcoin — rather, we are in a correction. The risk-reward currently leans negative unless support holds convincingly and macro conditions improve. So if you like: Conservative stance: recognise the risk of a drop toward ~US $72K-US $75K before strong recovery Moderate stance: prepare for a move toward ~US $80K, maybe a bounce from there if the zone holds Optimistic stance: only when we see signal of stabilisation (e.g., reclaiming US $95K) do I consider a more bullish posture.
Here’s my view on the recent plunge in Bitcoin (BTC), where we stand and where we might be headed — with the usual caveat: this is not financial advice. --- What’s happening 1. Bitcoin recently dropped below the US $90,000 level and slid to around the US $86,000 mark. 2. Market sentiment is shifting distinctly bearish. For example: The probability of year-end Bitcoin price below US $90,000 is estimated at about 50% in one study. Analysts point to “max pain” zones (cost bases of big institutional holders) around US $84,000 to US $73,000 — meaning these are levels where forced selling/liquidation risk is elevated. 3. The wider macro and structural backdrop is weak: Liquidity concerns (higher interest-rate environment, less bullish central-bank stance) are weighing on risk assets like crypto. On-chain data show short-term holders taking losses, mobile supply getting redistributed, hinting at a deeper corrective phase rather than a simple dip. In short: the key support at US $90K has failed, short- and medium-term momentum is negative, and structural tailwinds appear weak for now. --- What’s next (price targets / scenarios) Given the current state, I think we should consider both base‐case and bearish scenarios. Base case If the market enters a consolidation and buyers slowly step in, I see support forming around the US $82,000–US $85,000 range. Some analysts are already pointing here. If this holds, Bitcoin may form a base and then attempt a recovery back toward US $90K–US $95K once macro signals (e.g., interest-rate cuts, institutional inflows) improve. Bearish scenario If the selling pressure continues and macro conditions stay unfavourable, a deeper decline is plausible: The “max pain” band between US $84,000–US $73,000 remains a key risk zone. Some analysts suggest a move toward US $60,000 if liquidity worsens and institutional outflows persist. Therefore, if you asked for a specific next target: US $80,000 is a very plausible short‐term downside zone (if US $85K fails to hold), and if that gives way, the next “hard” level to watch is the low-to-mid US $70,000s. --- Key factors to watch To gauge which scenario may play out, keep an eye on: Institutional flows (ETF inflows/outflows, large wallet activity) Central-bank policy and interest-rate expectations (as these drive liquidity) On-chain metrics of investor behaviour (who’s holding vs selling) Cracks in key support zones: if US $84K/US $85K break decisively, that increases odds of deeper drop --- My summary view Given your interest in broad market trends, my view is that we are not yet at a safe “buy the dip” moment for Bitcoin — rather, we are in a correction. The risk-reward currently leans negative unless support holds convincingly and macro conditions improve. So if you like: Conservative stance: recognise the risk of a drop toward ~US $72K-US $75K before strong recovery Moderate stance: prepare for a move toward ~US $80K, maybe a bounce from there if the zone holds Optimistic stance: only when we see signal of stabilisation (e.g., reclaiming US $95K) do I consider a more bullish posture.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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