Will it fall again? When will it bottom out?
If BTC continues to fall like this and loses 53,000, it really depends on 48,500. If it passes this position, panic may intensify, and the major adjustment of this round of bull market may intensify!
Market sentiment will also change quickly. At present, small households are frantically selling and waiting, wanting to form a group, asking everywhere whether it will fall again. Large households have already started to enter some front positions! Although the market is falling, the purchase volume of stablecoins such as USDT continues to increase, and even intensifies. From this point of view, everyone is waiting for the opportunity to buy the bottom of USDT, and eat a full wave, right?
However, this round of bull market cycle is a major adjustment and wash. I think it is normal to fall to around $46,000. This kind of callback is very common in a bull market. In a bull market, a 30-40% drop may occur without disrupting the overall upward trajectory. Understanding the "normal" Bitcoin correction
Historically, Bitcoin has experienced several major callbacks in each growth cycle. These adjustments (prices may fall by 30-40%) are considered "healthy" and part of the natural ups and downs of the market.
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In this round of bull market, various financial institutions are competing with each other, and it is possible that there will be two major adjustments. If you have little capital, don't be careless. If you have millions of U of capital, you can build a position according to the 1, 2, 3, 4 position management methods!
