Amid the deep adjustments and washouts in the current bull market cycle, Bitcoin is hovering near the $46,000 area. I think this is an expected phenomenon. In the rhythm of the bull market, such callbacks are common. They are like a deep breath in the pulse of the market. Although the magnitude of the 30-40% callback is significant, it is often not enough to shake its continued upward trend.

As for Bitcoin’s “normal” corrections, historically it has experienced several major pullbacks at every stage of growth. Although these adjustments may bring significant price declines, they are part of the natural adjustment mechanism of the market and are generally regarded as a sign of healthy market development. $BTC $ETH #币安7周年 #德国政府转移比特币 #ASI代币合并计划