Don't panic! Listen to what they say.
Written by Alex Liu, Foresight News
In the early morning of December 20, the market's reaction to the Fed's "hawkish" decision to delay rate cuts the day before expanded, and the crypto market continued to fall. Bitcoin fell to below 96,000 USDT, and Ethereum fell from a high of 3,900 USDT in the early morning of the 19th to 3,322 USDT. The violent fluctuations caused the 24-hour contract liquidation volume of the entire network to exceed US$1 billion, and the decline of altcoins was generally more tragic.
The party is over, and I have to pay the bill again? Should I sell at the top or buy at the bottom? Don't panic, see what top traders and investors have to say.
Well-known investor, Placeholder partner Chris Burniske
Firmly bullish — this is just a 'little fool's punch', still early in this cycle.
If you're angry at yourself for not selling before the FOMC hawkishness led to a pullback, remember that you have almost no advantage in predicting market reactions and see it as an opportunity to take your time. Don't overtrade. In the long run, as long as you have patience, you will be fine.
The VC that became famous for bottoming out Solana, SOL Big Brain
Well-known trader DonAlt
The Bitcoin chart does not look bearish (for now), even if another leg appears on the chart (a typical situation for similar trends), it still does not look bearish.
I think if we go to $90,000, it will cause a lot of altcoin liquidations, providing a very good buying opportunity.
But not sure if that will happen, sentiment is already very 'bearish'.
Still believe the last stop of the bull market is missing, it hasn't gotten crazy enough yet, and it feels like the way the U.S. government is facilitating it is a huge waste of a ready-made powder keg.
Personally, I am not panicking at all, but maybe I am complacent.
Well-known KOL KALEO
Trader Adam
Top trader Saint Pump
If the Bitcoin structure breaks down, I predict buying will appear again at 90,000. It could drop all the way to 85,000 in pure panic. Altcoins would completely crash.
The suitable buying prices for ETH would be 3000, 2900, while for SOL it would be 160.
Well-known Solana meme pumper Ansem
Easter egg: Top trader Eugene Ng Ah Sio
A few hours ago, Eugene Ng Ah Sio posted when SOL was priced at 208 USDT, explaining why he was optimistic about this price of SOL and stated that he had adjusted his meme position to SOL (his single position usually ranges from a few million to tens of millions of dollars). During this wave of decline, SOL dropped below 190 USDT at its lowest.
