Closing daily line, the engulfing candlestick pattern looks quite ugly. Previously, it was mentioned that once Bitcoin reaches 10W USD and starts to correct, then a 50% increase followed by a 10% correction is not unreasonable.

Currently, Bitcoin has started to correct from 99660, according to the original thought, the 10% correction position is exactly at 895 price, which is also the support level of MA20 moving average, so this can be considered a potential bullish position #BTC☀