Trader Killa: Bitcoin Has Retraced 9%, Recommends Continuing DCA Over the Coming Weeks

Odaily reports: Trader Killa posted that the market is currently expecting Bitcoin to retest its previous extreme lows, but the "liquidation wick" at that time occurred amid a concentration of multiple negative factors. Unless more negative news emerges going forward, the previous extreme lows should not be regarded as a target that will inevitably be retested, and historical price action does not necessarily repeat itself in a simple manner. Killa further noted that Q4 buyers appear to still be waiting for lower entry prices, and recommended that investors continue to buy BTC through dollar-cost averaging (DCA) over the coming weeks. Bitcoin has now retraced approximately 9%, which in his view is already a decent pullback within a bull market.