#BTC It's always very tempting to just assume Bitcoin will go on and produce -30% pullbacks in Bull Markets After all, deeper pullbacks afford better prices for entries But it's not about the pullback depth we desire but about the pullback depth that is reasonably probable based on where Bitcoin is in the cycle Take the previous 2022-2025 cycle: Bitcoin only saw over -30% retraces in the Post-Halving period Pre-Halving retraces were much shallower, just over -20% each time Early-stage Bull Markets offer shallow pullbacks but those pullbacks are great opportunities for the long-run BTC #Bitcoin