Bitcoin (BTC) slid about 14% in a single session, jolting traders and erasing a portion of yesterday’s gains. The move has reset near-term momentum and left the market in a cautious posture. Retail participants are watching RSI readings closely and showing buy interest at oversold levels, while the broader market waits for clarity.
Meanwhile, the so-called smart money appears to be on the sidelines, seeking confirmation before adding exposure. Institutional players may be looking for a definitive bottom or a shift in macro drivers before committing capital. The divergence between retail enthusiasm and institutional caution shapes near-term sentiment.
Analysts note that a rapid bounce remains possible if macro conditions improve or liquidity returns, but a deeper pullback cannot be ruled out without a clear catalyst. Investors are advised to manage risk and avoid chasing spikes in a volatile market. The price action in the coming sessions will likely hinge on liquidity, macro cues, and the persistence of oversold RSI readings.
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