Yesterday, Bitcoin had a correction, and as of now, the price has dropped to around 92300, many friends feel confused and worried about the sharp decline, fearing that the bull market will stop.
In fact, a small correction is completely normal, there is no need to panic. Currently, Bitcoin's correction is expanding, with support at 92000, this support point has been mentioned before, next we will see the market trend, whether it will rely on this support level to start fluctuating, or drop straight below.
The overall trend is still positive, there are many favorable factors, the inflow of funds into Bitcoin's ETF is continuously flowing in, and the interest rate reduction cycle is still ongoing, just considering next month, on the 18th there is also a planned interest rate cut.
The path of the bull market is like crossing hills and valleys, it is not a flat road, although the final goal is very high, there will definitely be many obstacles along the way.
Ethereum has started to accelerate, even if Bitcoin drops below the support level of 92000, the level of 90000 below also has strong support, Ethereum's correction is also limited, both create a good momentum, helping this bull market progress steadily.
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