Bitcoin recently moved above $87,000, but the rally did not last. BTC later dropped below $84,000, showing that the market is still very volatile.

One reason behind the recent move was weaker-than-expected U.S. jobs data. This increased hopes that the Federal Reserve may be less aggressive with interest rates, which can support risk assets like Bitcoin.

At the same time, the market saw heavy liquidations as Bitcoin pulled back. This shows that traders are still using high leverage, which can make Bitcoin's price move very quickly.

For now, I think Bitcoin is at an important level. If BTC can move back above $87,000, the market may become more positive. But if selling continues, traders may watch the $84,000 and lower support areas.

What do you think? Can Bitcoin break $87K again?

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