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There have been 6 major corrections in this bull market, and the current one is indeed far greater than the previous ones;
The decline has been smooth, with hardly any consolidation structures, and there’s no divergence between volume and price...
Since there’s still no sign of a weekly candle wick, it’s too soon to say that a 35% drop is the limit...
The real issue is that this correction is psychologically intimidating from a trend perspective—the visible destruction of the trend structure is the key.
But friends in the crypto space, don’t forget that this bull market started from 16,000. Even now, BTC is still up 433% in this cycle...
In comparison, the Nasdaq has only risen 129% during this period...
So, don’t give up—be patient and wait for the bottom. You should actually be happy, right?
You’ve been saying for two years, “BTC is too expensive, I can’t afford it.” Now the market is finally giving you a discount. All you need to do is wait a bit longer—maybe 6 months, at most a year—and you’ll be able to buy quality assets at great prices. What’s there to be upset about?
Oh, you went all in at 120k?
Carry him out, next one!