Recently, Bitcoin has dropped approximately 6.4% from its historical high of $111,980, raising concerns in the market about whether the bullish trend has ended. However, senior analyst Charles Edwards (founder of Capriole Fund) pointed out that this price dynamic is highly similar to the trend of gold from 2009 to 2011. At that time, gold experienced a short-term correction before quickly reaching new highs, becoming an important asset for global capital hedging!