Famous trader: BTC has retraced about 9%, suggesting to continue dollar-cost averaging in the coming weeks

Renowned trader Killa stated that the market is currently anticipating Bitcoin to reach the previous extreme low point of the downturn again, but at that time, the "liquidation shadow" appeared during a concentrated outbreak of multiple negative factors. Unless more negative news emerges subsequently, it should not be assumed that Bitcoin will inevitably drop to the previous low point again, and historical trends may not simply repeat.

Killa further pointed out that buyers in the fourth quarter seem to still be waiting for a lower entry price and suggested that investors continue to dollar-cost average (DCA) into BTC over the next few weeks.

Killa mentioned that Bitcoin has currently retraced about 9%, and in his view, this is a decent pullback within a bull market.