If we extend the timeline a bit, current BTC is more like a "bull market relay."

Why is that?
First, the long-term trend remains upward, with no obvious structural breakdown;
Second, on-chain and capital market signals do not show extreme bubble signs;
Finally, although the macro environment is unstable, risk appetite has not completely shifted.
But this does not mean a continuous rise.
Historically, every bull market has experienced multiple "deep corrections," with declines reaching 20%-30%.
To put it into perspective:
A pullback from 79,000 to 60,000-65,000 is not surprising.
This is also why many people fail to make big money —
it's not about misreading the direction, but about being left behind midway.
Medium- to long-term strategy suggestions:
* Build positions gradually, avoid chasing highs
* Keep cash reserves for major corrections
* Avoid leverage (especially at high levels)
If future prices break through 85,000 and stabilize, it will open up greater upside potential;
but until then, volatility and shakeouts will remain the main theme.
In one sentence:
Bull markets do not rise in a straight line, but they allow patient people to make money. $BTC