BTC has dropped below 90,000 again, and the battle between bulls and bears is heating up.

I checked out analyst MarcPMarkets' views—he says this week’s price action depends on two levels: 88,000 and 95,000. If it breaks below the 88,000 support, it could head straight for 78,000. But if it holds and breaks above the 95,000 resistance, the bearish outlook doesn’t hold, and the target price could reach 105,581, or even higher.

There’s another big event this week—the FOMC meeting. If the Fed sends dovish signals, that could be the catalyst for the next market move. Keep an eye on developments in quantitative easing policy as well.

My take is, unless there’s a clear breakout or breakdown in the 88,000 and 95,000 key zones, it’s best not to rush in with heavy positions. It’s not too late to act once the market gives a confirmed direction signal. At this point, both upward and downward moves are possible, and impulsive trading can easily get you whipsawed.