Bitcoin and Ethereum have plummeted, retail investors are feeling the pain, all hoping to break even soon. But to be honest, it's a bit difficult to expect a major rebound in the next couple of days; it's best to stay calm, avoid impulsive actions, and patiently wait for the right opportunity.
Americans are on holiday, and the stock market is taking a break as well; those big players also want to relax. As a result, retail investors in the U.S. can only ponder at home how to raise some money to continue next year.
In the past week, tech stocks on the Nasdaq have seen quite a bit of money flowing out, and Bitcoin ETFs have also lost a significant amount of funds. Everyone wants to have a good year, so they need to budget their money carefully. Naturally, money in the market has tightened, even Buffett is wisely bottom-fishing American oil stocks while holding a large amount of cash.
Even the stock god is taking action, can we retail investors not follow? Recently, it's been recommended to slowly buy on dips; many small-cap stocks are nearly at their bottoms, so we need to be patient for a while. Once the situation improves, all industries will start to heat up, and then you can see if you’ve really picked up a bargain.
As for Bitcoin, the weekly chart looks grim, and the downward signals have appeared. Last week saw a significant drop, with funds fleeing rapidly. For now, it's mainly about shorting; find a high point to sell. Over the next few weeks, there will likely be more of this volatile adjustment.
Are you stuck in a position? When will be a good time to bottom fish? Still the same story, if you feel lost and helpless and don’t know what to do, click on my profile and follow me.