For: BTC Drops to $90K: Dip Before the Moon or Trend Shift?
Title: Bitcoin at $90K: A Healthy Pullback in a Macro Uptrend
Bitcoin's pullback post-Powell is a classic liquidity-driven move. With a "neutral, non-committal" Fed, the short-term catalyst of immediate rate cuts was removed, prompting profit-taking.
Dip or Shift?
This looks like a healthy dip within a bull market, not a trend reversal. Key reasons:
1. On-Chain Health: Long-term holder supply remains high (conviction is strong), and exchange reserves are low (not mass selling for distribution).
2. Macro Setup Unchanged: The broader trend toward monetary easing, fiscal deficits, and institutional adoption via ETFs has not reversed.
3. Technical Support: The $85K-$90K zone represents a key prior resistance-turned-support area and the 20-week moving average.
Strategy: For long-term believers, this is an accumulation zone. For traders, watch for a daily close above $95K to signal momentum resumption. The "moon" thesis relies on the 2025 halving cycle and ETF inflows; neither has been invalidated by this pullback.
Vote: Dip before the moon. The structural bull case remains intact.
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