Good morning everyone at 7 AM ☀️ (Actually, I couldn't sleep)! I just saw the weekly Bitcoin candlestick chart, and history is always astonishingly similar!! Is a deep correction really coming? History doesn't repeat itself, and this year is not like the market in 2020, but the current pattern is really similar! Is a deep correction really on the way? I was thinking about this question a few days ago, will there be a big correction at the beginning of 2025, cleaning up the market before entering a mid-term raging bull market! What does everyone think?

Deep pullbacks are standard whether in a bull market or a bear market. Is it possible for a pullback deeper than yesterday to occur again? Absolutely, for example, if we see a rise before the Spring Festival, it's entirely possible to have a sudden deep pullback after the Spring Festival! So what do we need to do? Focus on these two positions, currently the two major supports for Bitcoin on the daily chart: $91000 and $85000.
Everyone must have this expectation. In conclusion, I borrow a phrase from Teacher Li Xiaolai: "Only the 'chives' that repair the pen after losing sheep have a future. If you have money, slowly add to your positions... If you don't have enough money, work hard to earn more on the sidelines..."
$BTC