Bitcoin has shifted into a corrective leg following its recent pullback, but from a market-structure perspective, the broader trend remains constructive. Price action is behaving more like a controlled retracement than a breakdown, fitting neatly within a higher-timeframe setup that historically precedes continuation. Bitcoin Profits Have Declined From a trader’s lens, the recent drawdown looks less like panic selling and more like weak hands being flushed out. Short-term sellers appear to be stepping aside, while larger and more patient participants are quietly repositioning
source: https://beincrypto.com/bitcoin-price-rise-will-warrant-a-pit-stop/