[Renowned Trader: Current Bitcoin Trend Differs from 2023, Still Bullish Towards $90,000 Range] BlockBeats News, September 30 — Renowned trader Killa posted that the current market trend of Bitcoin is often compared to its rebound to $25,000 in 2023 followed by a pullback, but the market structures of the two periods show significant differences. In 2023, BTC only formed an equal high near $25,000 and failed to effectively close above that level, subsequently retreating quickly. In contrast, BTC has now formed higher highs on the weekly chart and is consolidating above the previous breakout high. Additionally, the maximum drawdown during the last bear market was approximately 77%, whereas this cycle's drawdown is around 54%. Killa believes that considering diminishing returns and the narrowing pullback range, the major corrections in this bull market may be closer to 10% to 15%, corresponding to approximately $78,000 and $74,000, respectively. Killa stated that even if the price repeats a similar trend, it may not necessarily break below the previous lows as clearly as it did in 2023. Currently, open interest has been reset, and the price remains above the previous highs, which he views as a relatively healthy market structure. He has not positioned for a significant pullback and continues to target the $90,000 range. [Original Link]