Affected by the sharp decline of U.S. stocks such as Nvidia and Tesla, cryptocurrencies have also undergone significant adjustments, with Bitcoin once again falling below $100,000, and altcoins experiencing even more severe declines, leading to a pessimistic market sentiment.
The mainstream view on this correction is that it is influenced by the strength of the U.S. dollar and the drop in U.S. stocks; the trend for Bitcoin has not changed, and the bull market is still ongoing.
If one chooses to buy the dip now, a short-term bullish outlook for $100,000 is very cost-effective, especially for Bitcoin's bullish outlook for the week.