BTC: Testing that $28k-$29k range again, thoughts on the macro bleed

It seems $BTC is once again flirting with that lower end of the $28k-$29k range. We’ve seen this show before, haven't we? What's interesting this time is the broader macro picture. We’ve got commodities like $COMP seeing a decent haircut today, down almost 5% at 11.32, and even the seemingly invincible $GOOG is off 1.35% at 358.71. It makes you wonder if this latest dip in Bitcoin is more about a general risk-off sentiment rather than anything specific to its on-chain metrics, which haven't exactly been screaming 'danger' lately. My concern, and the level that would make me re-evaluate, would be a sustained break and hold below $27,500. If we lose that, then the next support looks a lot further down, and the 'dip buy' narrative gets significantly shakier. It's not a prediction, just what I'm watching for to invalidate the current consolidation theory.