Is now a good time to buy the dip?

If your position is still below 70%, you can consider buying in batches now.

Although the market may experience some pullbacks in the short term, the upward trend remains intact in the medium to long term. Trump will not officially take office until January 20, and the SEC chairman will also resign on the same day, so the real big market movements are still ahead. According to the latest minutes from the Federal Reserve, they believe that a 25 basis point rate cut in December is appropriate. If inflation continues to rise, they may pause rate cuts. However, if unemployment rises or the economy slows down, they may accelerate rate cuts. According to CME's 'Fed Watch,' the probability of a 25 basis point rate cut in December is 63.1%. This is similar to our previous expectations, and there is a high probability that there will be another 25 basis point rate cut in December.

Additionally, based on the US Strategic Reserve Act, the Bitcoin Strategic Reserve Act is likely to pass after Trump takes office. At that time, the US may establish a Bitcoin currency reserve system that radiates to Europe and the Middle East, which will attract a large number of sovereign funds to take over, which would be the biggest positive news.