Article source: Foresight News

Written by: Alex Liu, Foresight News

In the early hours of December 20, the market reacted to the previous day’s Fed hawkish delay in rate cuts, and the crypto market plunged, with Bitcoin dropping below $96,000 and Ethereum falling from a high of $3,900 on the morning of the 19th to $3,322. The extreme volatility caused over $1 billion in liquidations across the network within 24 hours, and altcoins generally experienced even more severe declines.

The feast is over, am I paying again this time? Should I sell to escape the top or be bold and buy the dip? Don’t panic, see what top traders and investors have to say.

Famous investor, Placeholder partner Chris Burniske

Firmly bullish — this is just a 'little fool's punch', it's still early in this cycle.

If you are angry with yourself for not selling before the FOMC hawkish-induced pullback, remember that you have almost no edge in predicting market reactions, and consider it an opportunity to take your time. Don’t overtrade. In the long run, as long as you are patient, you will be fine.

VC who became famous for bottom fishing Solana, SOL Big Brain

Famous trader DonAlt

The Bitcoin chart does not look bearish (for now), even if another leg appears (these typical situations with similar movements), it does not look bearish.

I believe that if we reach $90,000, it will cause a massive liquidation of altcoins, providing a very good buying opportunity.

But not sure if that will happen, sentiment is already very 'bearish'.

Still think the last stop of the bull market is missing; it hasn't become crazy enough, and it seems that the way the U.S. government facilitates it feels like a huge waste of a ready-made powder keg.

Personally, I am not panicking at all, but maybe I am getting complacent.

Famous KOL KALEO

Trader Adam

Top trader Saint Pump

If Bitcoin's 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 will completely collapse.

The suitable buying price for ETH would be $3,000 or $2,900, while for SOL it is $160.

Famous Solana meme call king Ansem

Easter egg: Top trader Eugene Ng Ah Sio

A few hours ago, Eugene Ng Ah Sio posted explaining why he is optimistic about SOL at a price of 208 USDT and mentioned he has adjusted his Meme position to SOL (his individual positions usually range from millions to tens of millions of dollars). During this wave of decline, SOL dropped below 190 USDT.