According to yesterday's thinking, this is not a signal to buy the dip. After significant drops, there will naturally be some capital entering the market, but this kind of entry cannot last long. For example, next Monday when BTC's ETF starts operating, if there is an outflow, then the market will still fall into a phase of panic adjustment.
BlackRock and public companies are still here, so there's no need to worry about the end of the bull market, nor to worry about adjustments lasting too long. On the 23rd-24th, MSTR will officially be included in the NASDAQ 100, and large amounts of capital are also preparing.
Back to the market, the situation will not remain stagnant; the best action at this stage is to wait for right-side trading rather than taking the risk to buy the dip halfway up the mountain. After all, the trend next week will still depend on the ETF data.
You can see the rebound in the past two days as an opportunity to reduce your holdings. If you didn't reduce your position when it halved, you can hold onto it. If it returns to around your cost in the next couple of days, that’s your opportunity to reduce your holdings. Make sure to set your stop-loss during normal fluctuations, and if it hits your stop-loss, don’t be upset, because there will be plenty of opportunities later. The real fear in the market is not the sharp drop, but the situation stabilizing after a sharp drop when you don’t have any bullets left to operate—that’s the most terrifying!
We have already endured three years of a bear market. To be more specific, we have survived an 8-month adjustment period after the continuous decline from March to April. Can we not wait for a few more days? Be patient and wait for the right-side trading opportunities after Christmas!
Those who read yesterday's article should be familiar with this part. Last night and today, some die-hard fans said they would wait until after Christmas to trade, and I’m very pleased because we haven’t been hit in the past two days!
