# Bitcoin short-term correction, what will happen in the future? 🤔

Bitcoin fell from above $65,000 to around $62,200 today, and Markus Thielen, founder of 10x Research, said this was a typical bull market correction. He pointed out that BTC seemed overbought in the short term, the greed and fear index rose, and the short-term reversal signal turned bearish.

However, Thielen is still optimistic about Q4, mainly due to the expected 50 basis point rate cut by the Federal Reserve and China's massive stimulus measures. What do you think? Feel free to share your views in the comments section!