$BTC Finally, it has pulled back, and many people are anxious, fearing a significant drop ahead.

No one can predict the future, but logically speaking, such a significant drop is unlikely to happen.

This pullback is said to be due to long-term holders cashing out, not because of ETF manipulation.

This also indicates that as Bitcoin approaches 100,000, the big players are starting to have disagreements.

Some long-term holders feel that the price is about right, and it's time to cash out, especially since it has already reached an all-time high. This approach is reasonable.

Institutions are buying while long-term investors are selling; this is a delicate balance. If Bitcoin starts to plummet from here, it would mean cutting off the institutions' profits.

Institutions have a long-term vision and don't care about this little money.

Speaking of this week, with Thanksgiving and Black Friday, institutional funds can't come in, and the holiday shopping has caused funds to flow out of the crypto space. This back and forth has compressed the market.

Bitcoin's performance also verifies this point, especially under the selling pressure from long-term investors, the pullback has arrived as expected.

Where will Bitcoin pull back to? From the chart, a pullback to 90000 has a high chance of harvesting the 11 billion assets below.

This position is a support point; if it drops here, you can consider adding to your position.

Going down further, 87000 is also a support level. If it reaches here, it will be an excellent opportunity to pick up bargains.

I'll say it again, we are still in the first half of the bull market; the real frenzy has yet to begin. Don't lose confidence because of this minor pullback.

For the overall market, having risen this much, a pullback to find support, followed by consolidation, is a good thing for the progress of the bull market.

A skyscraper must be built layer by layer; it cannot be suspended in mid-air.

There is a saying in technical analysis, 'where there is a gap, there must be a fill', which explains this principle.

Since it has dropped, I am focusing on the coins I favor and slowly increasing my position, buying more as it drops.

At the start of the last bull market, it was also Thanksgiving and Black Friday. Bitcoin pulled back 15%, then consolidated for about a month before slowly rising again.

This bull market is very similar to the last one.

But the drop in Bitcoin may not be too large, around 10% is about right, which aligns with the two support levels I mentioned earlier.
Recently, I plan to ambush a potential coin ready to explode; doubling is quite simple. At the same time, I am also looking for some potential coins to hold until the end of the year, expecting a growth space of over 10 times is not a problem; spots are limited! If you want to join, like and leave a message.

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