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Yesterday, people were still discussing when Bitcoin would break to a new high; today, the question is whether the market is due for a correction. The crypto market's plot twists are so fast that even TV screenwriters would have to admit defeat!
BTC is down 4%, losing the $75,000 level, and is currently trading near $70,500.
This pullback has noticeably cooled market sentiment, especially for investors who bought in at higher prices earlier; they may now deeply understand what it means to enjoy chasing a rally for a moment, then panic when it corrects.
However, a 4% single-day drop is not enough to declare the bull market over. Bitcoin is inherently volatile, and short-term price movements cannot determine the long-term trend.
The two key levels to watch next are whether $75,000 can be reclaimed and whether effective support can form around $70,500.
If the rebound lacks strength, the market may remain under pressure; if buyers return, a technical recovery is also possible.
Bull markets don't rise every day, and bear markets don't plunge every day.
What you really need to worry about isn't candlesticks turning green, but not understanding the market while always thinking you can perfectly catch the bottom!$AMD