Many people are asking, is the bull market still on? Is now a good time to buy the dip?
I believe the bull market is still here; I am personally averaging down in batches.
This drop is mainly due to the sharp decline in U.S. stocks.
The latest data from the U.S. shows that the economy is stronger than the market expected, which has intensified concerns about a rebound in inflation, and U.S. Treasury yields have soared again.
Market expectations have shifted from multiple interest rate cuts this year to whether there will be any cuts at all.
Some institutions even speculate that there will be no rate cuts before July, and that the Federal Reserve may keep rates unchanged this year, with any cuts potentially happening only once.
So now the market is filled with uncertainty, risk assets are under pressure, and both U.S. tech stocks and the crypto market have seen declines.
This drop in Bitcoin is likely a risk-averse reaction to Friday's non-farm payroll data.
However, after this drop, I am still quite optimistic about the power transition market in the first quarter.
This sudden drop has scared away a lot of panic-driven positions, and it has left Trump with considerable room to maneuver.
So I also bought some Bitcoin yesterday and updated the buy points in the group.
There is no need to rush to buy the dip; don’t fire all your bullets at once. You can use a strategy of "buy big on big drops, buy small on small drops, and don’t buy if it doesn’t drop" to average down in batches.
Now there are 11 days left until Trump takes office, and we can look forward to the market performance after his inauguration.
