Bitcoin dipped to 62 this morning and has since recovered above 65. Is the drop over? As mentioned yesterday, recent sentiment has been heavily impacted, and the weekend saw low liquidity – strictly speaking, this period continues until the US stock market opens tomorrow night. There might still be risks, as a retest of 62 from 65 would also constitute a drop. Furthermore, there weren't any major negative news yesterday or today. Whether this drop will break 585 and start in the 50s, I don't know. Not yet, let's see how the market sentiment is next week. Last night, when it dropped to 65, Nvidia and Micron were also slowly declining, which was a bit frustrating for me. I was holding long positions in Nvidia and Micron, opened last Thursday, but unfortunately didn't close them on Friday. I'm waiting for Nvidia's earnings report next Tuesday to see the market sentiment then. Then, the APEC meeting in the second half of the week, and the impact on Russia-Ukraine and US-Iran relations, i.e., oil prices. With so much negative news, it's time for some digestion. In my opinion, it's essentially just the market fluctuating between 585 and 82 after the big drop in early February. It's just a matter of seeing how much the market will ultimately price it in this time.