Recently, Bitcoin's movements have been a bit erratic; after a rebound, it hasn't stabilized and instead has started to decline slowly, which is really frustrating to watch. Fortunately, the mainstream cryptocurrencies are relatively stable, at least they haven't let us down. Currently, Bitcoin has dropped to 92,200, but the price has rebounded and remains above 94,000.
But what about those altcoins? They just had a slight increase, and soon after they fall back down, which really makes people anxious, especially for those who are leveraged; they can't handle the market's fluctuations. Now everyone is asking, is the bull market still here? Will the current assets accidentally get trapped?
How will the market perform during Christmas?
To be honest, the market during Christmas usually remains similar, still in a pullback. The plunge and rebound on the 20th have ended, and this oscillation looks like a slow selling rhythm, which may continue until after Christmas.
Does this mean the bull market is over? Of course not! The interest rate cut cycle has just begun, and in a few days it will be 2025, and Trump has not taken office yet. The bull market is still here! As long as Trump hasn’t taken office, the bull market won’t end; in fact, it has just begun.
Moreover, based on historical data, the months from January to April in the year following Bitcoin's halving have generally seen good upward trends; this was the case in 2017 and 2021. I believe this bull market will also be no exception, so it's hard to come by a bull market turnaround, cherish the recent pullback. And with every extreme drop, there will be a rebound; in the short term, if Bitcoin revisits the previous low of 92,000, as long as it doesn’t break below that, it’s expected that there will likely be a rebound after the market stabilizes.
When is it most appropriate to buy the dip? How should we operate?
In the short term, unless there’s a sudden event. For the next few days, it’s only suggested to focus on short-term swings for the main position. With Christmas approaching and market liquidity low, it’s completely dependent on market sentiment. As long as there are sellers, prices may continue to drop, so no one can predict where the bottom is. We can’t buy at the lowest point, but we can lower our average holding cost through batch purchases, which can help us acquire positions at relatively lower prices.
Specific operations can wait until after Christmas to buy the dip, or you can start gradually building positions from the current price. If 92,000 cannot hold, you can appropriately increase your position, preparing to add at 85,000 or even lower. The market has a lot of uncertainty, and investors need to maintain a flexible operating strategy; don't think about making it all at once or trying to buy at the lowest point in one go, and don’t invest too large amounts at halfway up. The current price range is a good range for buying.
Additionally, it's recommended to hold spot assets and avoid contract operations. If the market suddenly surges, increase your position without hesitation, adjusting to a level you find suitable. When favorable news lands, like Trump taking office, and the market experiences FOMO, it’s time to cash out promptly; don’t cling to fantasies, understand the importance of 'locking in profits.'
During the current market adjustment process, besides Bitcoin, there are also some other altcoins that have seen significant declines. However, we should also choose some stronger coins; leading coins have more advantages, and often there are multiple leaders in the same track, such as DOGE and SHIB. The focus is on the track. The enduring ones are public chains and MEME, but there are also new popular tracks like AI, Depin, and RWA. The logic is the same; whether in the upcoming cycle, we can enter into impressive and mainstream altcoin projects is worth continuous attention.
Here are a few tokens that are currently favored, you can refer to: UNI, APT, AAVE, ONDO, MKR, PEPE, hbar, pnut.
In the end, it's all about your mindset when trading cryptocurrencies!
Many people think about buying the dip, wanting to catch the bottom, but they always miss it by a little. This is actually quite difficult, really difficult! However, when the market drops, you can start planning, enter in batches, and lower your average cost, which helps you avoid missing opportunities! As long as you believe in this market, there will definitely be good results in the end!
