It seems like corrections can happen but they tend to be crashes. Do you expect BTC to trade somewhere far lower than 45k at some point? Some speculators on Reddit were saying institutional purchases at 48k level were too severe to allow for that at this moment. Unless they dump perhaps, but even then it is hard to say if this won't cause a frenzied bull after a bloody red week.
I just sense more optimistic anticipation than fear due to BTC's resilience after pretty significant dips. If you can call them that.