## MicroStrategy & BitMine Buying the Dip: Is the Bottom In?
Institutional giants are making their move. **MicroStrategy** recently added 1,142 BTC, bringing its total to over **714,000 BTC**, while **BitMine** continues its aggressive accumulation of ETH. But for the individual trader, the question remains: is this a generational entry or a falling knife?
### The Fibonacci Reality Check
Currently, Bitcoin has reclaimed the **$70,000** psychological handle after a brutal February slide. However, technical analysts are eyeing the **$55,000** zone, which aligns with the critical **0.618 Fibonacci retracement** level. While global M2 money supply is expanding—a historic tailwind for BTC—the market structure still mirrors a "mid-cycle" correction.
### $68,000: The Line in the Sand
For a confirmed bottom, BTC must hold above **$68,000** against Gold. If this support fails, the "bearish schedule" suggests a slow drift toward **$55,000**, with a worst-case capitulation target of **$35,000** later this year.
**The Strategy:**
* **Holding:** If you entered higher, patience is key.
* **Buying:** High-risk. Wait for a decisive bullish structure above $70k.
* **Watching:** The divergence between record-high Gold and BTC's struggle.
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