Are you trapped? The bull has run away? When can you get out?
After the big drop of 6249744790892208226816, many retail investors are feeling the pain, hoping to get out soon.
But to be honest, it's a bit difficult to expect a big reversal in the next couple of days. It's best to take it easy and not make any rash moves; be patient and wait.
Americans are on holiday, and the stock market is also experiencing intermittent breaks. Those big players in the market, after a hard year, also want to relax a bit. As a result, retail investors in the U.S. can only reflect at home, figuring out how to raise some more funds to continue fighting next year.
In the past week, technology stocks on the Nasdaq have run up by $2.5 billion, and Bitcoin ETFs have lost $650 million. Everyone wants to have a good year, so they need to be careful with their spending. Naturally, money in the market has become tight. Old man Buffett is very shrewd, buying U.S. oil stocks with a hefty $650 million investment. He still has $320 billion in hand, just waiting for the right opportunity.
Now that the stock god has taken action, can we retail investors just sit back? Recently, it's suggested to buy slowly on dips; many small caps are close to bottoming out and might need some time. When Trump is back in office, various industries will surely heat up, and by then, you can see if you've bought at a bargain.
As for Bitcoin, looking at the weekly chart, it doesn't look good; the downward signals have appeared. Last week saw a sharp drop, and funds have been fleeing. Recently, the focus has been on shorting, so find a high point to sell. In the next 3-5 weeks, it will likely continue to oscillate and correct.
The upward momentum on the daily chart has vanished; an immediate reversal is unlikely. The support point is around 90500; if it can stabilize here, that would be good. If it drops further below 85000, the recovery will be slow.
On the four-hour chart, around 99205 is a selling point, and the range between 93800 and 90500 can be a buying opportunity. The correction is still ongoing, but the drop isn't severe. Many small cryptocurrencies are also at the bottom range, so it’s a good time to build positions in batches; this could be the last chance to buy at the bottom.
There’s a rhythm to both rises and falls; sell on big increases and buy on big decreases. The bull market is still on; even if you’ve bought the dip, you must be patient and not seek quick gains.
As for the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, with an expected upside of over 10 times being quite feasible. Like and comment, and I’ll take you along to layout the entire bull market!