Is a Market Correction Imminent? Should You Consider Buying?

Dear Investors, we've witnessed a week marked by a 10% pullback in the #BTC market, with ETF outflows intensifying and bottoms hitting a 20% decline.

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Is a Major Collapse on the Horizon? 📉

There's a lot of speculation circulating in the market. I disagree with statements like "Collapse is imminent," "The market won't recover for 6 months," or "The $BTC journey to 30K has begun." In my previous articles, I mentioned the likelihood of attempts to shake out investors before the Halving. I still don't anticipate reaching 56k before the halving.

However, the probability strengthens as it approaches below 67500.

That's why panicking and selling hastily isn't advisable. However, I currently have no plans for new purchases as my reserves include 20% cash. I'm holding out for levels around 56-58k. If it materializes, I'll act accordingly.

Of course, I'll seize some opportunities for Day Trading or continue to invest in newly launched coins that align with my preferences. I still anticipate a significant downturn after the Halving.

Is This a Chance to Buy the Dip?

Unfortunately, the market's upward trend has been disrupted. Time will reveal whether this is a shakeout or a profit-taking scenario ahead of the Halving. Personally, I intend to make my third purchase between the 56-58k levels. With 80% of my assets invested, I won't view this as a buying opportunity.

$WIF $PEPE

#W