By now, everyone should just be aware that bitcoin moves cyclically. It moves in upwards and downwards direction. We should not expect bitcoin to move in just one direction (upwards) only.
When everyone comes to this understanding, we will surely appreciate the essence of correction of prices in bitcoin. If bitcoin does not retrace, it will not have enough strength to make another bullish movement.
The movement of Bitcoin is genuinely unpredictable and volatile, so we should exercise caution because nobody wants to experience trading losses. Retracement is possible considering the bear season is still in effect. Everyone has a unique perspective on the Bitcoin chart; various people have different viewpoints. The bitcoin chart indicated that it will undoubtedly decline, but since there are significant zones of support and resistance, I'm expecting that it will retest these levels and change to an uptrend.