Right now, Bitcoin is hovering around 96,000, and on the 20th, there was a significant drop with particularly high trading volume! Next, it might fluctuate between 95,000 and 100,000. At this position, the risk is still a bit high, so it's not advisable to buy a lot right now.

If it really falls below 95,000, we can slowly buy more until it reaches 80,000. Of course, it would be best if it doesn't actually drop that badly! If Bitcoin rises above 100,000, then we can consider selling what we bought earlier!

Has the market stopped falling?

From the rebound after the sharp drop, it can be seen that stability has temporarily been achieved, but this is not a signal to buy the dip. This is largely related to PCE data, including institutional predictions that Ethereum's ETF staking may pass, as well as Trump increasing his ETH positions again. However, weekend trading is ultimately a game between retail investors, meaning that after significant drops, there will naturally be wave funds stepping in, but this intervention cannot last long. For instance, if BTC's ETF starts trading on Monday and there are outflows, then the market will still fall into a panic adjustment phase.

Moreover, with Christmas approaching, there is a need for liquidity to withdraw during the festive season. Given the size of this market, it's also important to prevent another adjustment drop. As long as there are opportunities to pick up cheap chips during the washout, one should buy in portions within an acceptable range, rather than blindly chasing high prices.

Returning to the market, the situation won't remain stagnant. The best operation at this stage is to wait for right-side trading, rather than risking buying halfway up the mountain. After all, next week's trend will still depend on the ETF data.

The altcoin season may explode! When to enter?

Now that the Christmas holiday and the end of the 2024 fiscal year are approaching, traders are on vacation, and the market is likely to be quiet during this time, waiting for the market to find a bottom or for a significant deleveraging event. Recently, BTC may fluctuate between 95,000 and 100,000.

In any case, there is no expectation of the Federal Reserve releasing US dollar liquidity in the short term. BTC may experience a significant correction, completing a pullback on the weekly chart. In such a market environment, we might see an active period for altcoins.

So when should one enter?

Whether for short or long-term trades, waiting is currently the best strategy.

Short-term investors

If you are a short-term trader, you can pay attention to the support level for Bitcoin around 90,000. Once the price pulls back to this range and the trading volume increases, it could be a good opportunity for a short-term buy.

Long-term investors

For long-term investors, every pullback in Bitcoin is an opportunity to build positions gradually. It's advisable to focus on the strong support area around 85,000, which may serve as the market's bottom.

I remain optimistic about the long-term bull market. If you still have positions and want to buy the dip now, continue with the strategy of buying small on minor dips and buying large on major dips!

What good targets can be bought at the dip?

ZEN

Cross-chain, transfer BTC to the SOL chain as Grayscale's new asset. If Grayscale continues to increase its holdings in ZEN, then ZEN's market cap could reach around 1.5 billion, maintaining a bullish outlook on ZEN long-term.

MOVE

Another catalyst for MOVE's growth is the recent release of its mainnet. MOVE's native token, supported by the MoveVM architecture, was first introduced along with an $830 million airdrop aimed at early adopters and community members. This strategic approach helps drive initial interest and adoption. The token has been listed on major exchanges like Binance, Coinbase, OKX, and Upbit, further increasing its visibility and trading activity.

But for those who have already entered during the second dip, be cautious about setting stop-losses at previous lows.

In summary, we are currently in the phase of a bull market starting, and the overall upward trend cannot be changed. If you hold on calmly, you won't be cut by the whales. A significant rise is expected in early January, and overall, the holiday period will likely be relatively quiet, with the main goal being to trade contracts back and forth. From January to March 2025 may also be a good time for a rise.