This recent correction in Bitcoin in my view presents opportunity. I bought a bit at $48K and would be buying aggressively under $40K. I have held all of my positions and will be adding. On average Bitcoin's maximum annual drawdown is around -65%. We would need fall to $36K and it would still be considered perfectly average. So far these are only measured Fibonacci retracements.
As always this is just my non-professional opinion and should not be considered financial advice. All trading involves risk of loss and investment decisions should be discussed with a qualified broker.
