Just saw that BTC is still moving fluctuatively around the $73K area. Based on historical price movements, usually before a bottom forms, there is quite a bit of pressure beforehand. Similar to the history of laptop development, the market also needs a consolidation phase before moving to the next level.



Historical data shows the same pattern repeating many times. This may not be the actual bottom; there could still be deeper pressure. Experienced traders usually know this is a normal phase in the market cycle. Some people panic sell, but looking at history, such phases often become attractive accumulation zones.

So, in my observation, there’s still a possibility of more pressure before we see a solid reversal. But that’s also part of the market game, right? Those who are patient usually end up winning in the end.
BTC-0.51%
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