Just take a wider look to understand:
NASDAQ 100, last month + 8%, last year +60%
S&P 500, last month +6.4%, last year +47%
Bitcoin, last month -4%, last year +639%
Since the start of the COVID (in practice) to now, most indexed have exceeded their average returns, not to mention bitcoin. A movement such as this is a consequence and it may still be followed by more falls without meaning anything other than a profit taking and some caution around the ATHs.
You might be right, but have you noticed that bitcoin has been really strong around the $50,000 price and it hasn’t stayed long below that rate, anytime it does fall below $50k price it quickly recovers again and starts moving up.
But, even at that I do understand that at every time in this cryptocurrency market we have got to be really careful because we can lose our money at anytime, so it’s very important that we plan really well, and if it’s possible we can be taking little profit at every up movement that the market makes, that way we wouldn’t be losing much if it happens to fall.