Bitcoin might look like it’s already taken a solid hit, but I’m not convinced the downside is done yet. The recent drop feels more like a pause than a full correction. With momentum weakening and lower highs forming, there’s still room for price to drift further — possibly toward the $70K zone.
What’s interesting is that most traders are starting to think “the dip is over,” which often creates the perfect setup for another leg down. Liquidity below hasn’t been fully tapped, and markets tend to move where the majority isn’t expecting.
For me, this isn’t panic — it’s structure. Until we see strong support and confirmation, I’m leaning bearish in the short term.