BTC is leading the rise, and retail investors in Asia are rushing back to buy the dip, but everyone, don't rush!
Today, BTC is pulling the market up, mainly because retail investors in Asia are eager to return to buy the dip as soon as the holiday is over. However, even though they are buying enthusiastically, the trading volume hasn't really increased, which indicates that everyone is still a bit anxious.
Now it's still the middle of the night in the US, and retail investors are still sleeping, while the big shots on Wall Street are still on vacation, which will last until January 5th. So, the current upward trend might just be temporary, so don't rush to follow the trend.
We need to be a bit patient and absolutely mustn't act impulsively to chase the rise with leverage, as that can be very risky. If you want to buy spot and catch the dip, you need to have a good mindset; if the market drops later, we must be able to withstand it and not panic and rush to cut losses at the first drop.
I think this rise might just be a lesson for those who have been shouting bearish for a long time, to let them know that the market is not that easy to predict. But we also shouldn't celebrate too early; we must be cautious of potential sell-offs later, as bulls might also get liquidated then.
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