Will Bitcoin pick up passengers in reverse, or will it need to pull back to $50,000?

When the price of the cryptocurrency goes up, you don't buy; when it experiences a correction, you still don't buy. BTC has experienced a 15% pullback from its high point to its low point, while the altcoins have experienced a pullback of about 40%. And you still don't buy during the promotion?
Some people say that they will wait for a 50% drop to 50,000 before buying. If it's 50% off, then it's just going bearish directly, what's the point of playing around? Many newcomers have not experienced the cycle and have no concept of the cycle. It's not surprising to have this idea. Without going through a beating, you can't mature.
The currency circle is more cruel than any market, but many people only like to watch the soaring market of several times, dozens of times or even hundreds of times, and ignore the falling market.
You've all seen it this time. The mountain strongholds are so exciting, and the contracts are even more comparable to meat grinders. Many people will never have a chance again.
Years of hard-earned savings, and for some, borrowing to enter the market, have all been wiped out through contracts in these days.
Next, it won't take too long for BTC to return above 100,000 again, but by then when you look back at the altcoins, they will still be lying on the ground.
Following the decline but not the rise, this is always the case with altcoins. In 2024, there will be over 30,000 different cryptocurrencies, but only 42 outperform BTC. Do you think you can pick one out from the crowd and still hold a heavy position?
Those who want to buy the bottom end up empty-handed, and those who want to escape the peak end up trapped at the top. This is what the famous Shen Yu said.
ShenYu believes that arbitrage is the easiest, requiring only basic addition and subtraction skills. Bottom fishing requires a certain degree of position management and emotional control, while heavy position after selling requires a higher psychological requirement. Topping operation requires comprehensive analysis of various factors such as fundamentals, macro and group emotions.
Leveraged trading is the most difficult, as it amplifies volatility, reduces survival rate, and requires proficiency in multiple trading techniques.
The godfish said that after many years of trading, he no longer expects to escape the top, but only learns how to pick up the plate. You see, the godfish said that he only learns how to pick up the plate, that is to say, since the birth of BTC, picking up the plate at any price so far is correct, and BTC has not trapped anyone.
In fact, retail investors always feel that 100,000 BTC is expensive, but institutions are still buying.
Looking at this adjustment, since the Federal Reserve announced its interest rate decision on December 18, Bitcoin has fallen more than 10%. Despite the rate cut by the Federal Reserve, the risk assets are under pressure due to Federal Reserve Chairman Powell's tough stance on slowing down the pace of interest rate cuts and revising inflation forecasts.
However, so far, the adjustment seems to be orderly, and there is no panic in the trading volume, indicating the potential for buying on dips.
This week, BlackRock bought another $1.5 billion worth of BTC. In addition to BlackRock, all other ETFs net sold $785 million worth of BTC this week, while BlackRock bought them all.
BlackRock's official update shows that as of December 19th, the IBIT position reached 553,464 BTC, with a position value of $53,401,161,556.
Not only BlackRock is buying, but also many listed companies have not stopped at the 100,000 mark this month, such as the following two companies.
One of the companies in the picture is mining BTC themselves, but they still feel it's not enough, so they buy from the secondary market. They must understand the production cost of BTC the best.
If they think the callback can reach a lower price, they naturally won't buy at the price of 97000, indicating that if it falls to 50000, they won't even think about it.
The coin price below $90,000 is probably unlikely to be seen. It is obvious that it is picking up people while moving backward. Missing at this stage means missing the entire bull market in 2025, which is much greater than the loss of making mistakes. #与动态一起迎圣诞