How big is this wave of correction? How long will the correction last?
Referring to the halftime break of the 21-year bull market (519), Bitcoin retreated about 55%, bottomed out from mid-May to June 21, and bottomed out again in mid-July. The overall correction time was 2 months, and then the second half of the bull market began.
But after June 21, the game currencies that were in the hot sector at the time no longer followed Bitcoin's second drop, but started the second half of the market in advance.
The correction of this wave of market in 24 years is currently around 20%. It has been less than 28 days since the beginning of April.
So from the perspective of time, it is still not enough at present, but from the perspective of amplitude, I think it is difficult for BTC to break a new low, because the first half of the last round of bull market rose a lot, so the correction was also deep, but this round is not the case. The increase is relatively small, so the correction is also relatively small. The only thing that can end the correction is time. Wait slowly, don't rush.
