Bitcoin has seen a sharp decline, recently dipping to $87K, influenced by global trade tensions and an alarming $1.5 billion security breach from Bybit. Market participants are exercising caution amid rising risk aversion, indicating a challenging landscape for traders and investors alike. Many traders are watching for possible dip-buying opportunities as previous patterns suggest rebounds could occur. However, bearish technical indicators loom over the current scenario. The scrutiny on Bitcoin heightens as traders grapple with potential buying strategies. This analysis underscores the importance of monitoring both market developments and technical indicators as Bitcoin attempts to find its footing once again. Trader sentiment remains a pivotal factor as markets cautiously evaluate the next moves for Bitcoin. Understanding this landscape is crucial for anyone looking to participate in crypto trading.