According to CrypNuevo, the recent retrace of Bitcoin back to the low 80s is not a cause for concern from a higher time frame perspective. CrypNuevo suggests that this movement is part of usual market manipulation aimed at stop losses and liquidations. The commentary implies that traders should not panic over this retrace as it is a normal market behavior. Source: CrypNuevo on Twitter.

According to @doctortraderr, the pattern observed after the August 5, 2024, capitulation involved a sequence of market events: capitulation, a bounce, retracement, and a progression to new all-time highs (ATH). This analysis is crucial for traders looking to identify similar patterns in current market conditions. The implication is that understanding past trends can offer insights into potential future movements, though each scenario should be evaluated based on current market data. Source: @doctortraderr