Is it a good time to buy the dip now?
If your current position is less than 70%, you can consider buying the dip in batches now.
Although the market may have some corrections in the short term, the upward trend is still there in the medium and long term. Trump will not officially take office until January 20, and the chairman of the SEC will leave on the same day, so the real big market is still to come. According to the latest minutes of the Federal Reserve, they believe that a 25 basis point interest rate cut in December is appropriate. If inflation continues to increase, interest rate cuts may be suspended. But if unemployment rises or the economy slows down, interest rate cuts may be accelerated. According to CME's "Fed Watch", the probability of a 25 basis point interest rate cut in December is 63.1%. This is similar to our previous expectations. There is a high probability that interest rates will be cut by another 25 basis points in December. In addition, judging from the US Strategic Reserve Act, the Bitcoin Strategic Reserve Act is likely to pass after Trump takes office. At that time, the United States may establish a Bitcoin currency reserve system radiating Europe and the Middle East, which will attract a large number of sovereign funds to take over, which is the biggest benefit.
Yesterday, a Brazilian congressman also proposed to establish a national strategic Bitcoin reserve. It is expected that more and more countries will include Bitcoin in their strategic reserves in the future. Therefore, for ordinary investors like us, as long as we hold a large position in Bitcoin, we can enjoy the dividends of industry growth.
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