According to AP News, Bitcoin temporarily dropped to about $89,500 on November 18 before bouncing back up to ~93,600 USD.
The drop below $90,000 indicates that the market is going through a strong cleansing phase – those using high leverage or inexperienced traders may be forced out.
But the quick rebound is a sign that buyers still have strength, or that the 'whales' are accumulating after the sell-off.
Newbie experience: this is not the time to rush into buying, but rather a moment to observe. Place light limit buy orders or gradually allocate if you believe in Bitcoin for the long term.
Technique: monitor the price structure – if Bitcoin creates a bottom near 90,000 and retests, that could be a good entry point; if it breaks down further, caution is needed.
Falling deep + bouncing back = opportunity + intertwined risks.
Don't panic when the price goes down, but also don't be complacent when it bounces back — balancing capital preservation and seizing opportunities is the sustainable strategy.