Bitcoin Between Rally and Retreat

🟡After dipping to $87,000, Bitcoin ended the week near $90,000, briefly reviving hopes for a pre-holiday rally. Traders are watching the $92,000 area and key Fibonacci levels as crucial thresholds for an upward continuation, while $84,000 remains the final strong support. Declining open interest highlights a degree of apathy — a condition that often precedes larger market moves.

🟡Much will depend on the Federal Reserve: expectations of a rate cut could renew appetite for risk assets. With supportive macro conditions, Bitcoin has room to accelerate its recovery and close the performance gap with equities. But without a decisive breakout, the risk of a renewed correction remains firmly on the table.