As the market dips, how do top traders view the market outlook?
Reprinted from panewslab
12/22/2024·5MWritten by Alex Liu, Foresight News
In the early morning of December 20, the market's reaction to the Federal Reserve's "hawkish" delay in interest rate cuts expanded the day before. The crypto market continued to plummet, with Bitcoin falling as low as below 96,000 USDT, and Ethereum all the way from a high of 3,900 USDT in the early morning of the 19th. It fell to 3322 USDT. The violent fluctuations caused the entire network's 24-hour contract liquidation to exceed US$1 billion, and the decline of altcoins was generally more severe.
The feast is over, am I footing the bill again this time? Should you sell to escape the top or boldly buy the bottom? Don’t panic, see what top traders and investors have to say.
Well-known investor and Placeholder partner Chris Burniske
Be determined to go long - this is just a "little fool's punch", and it is still early for the end of this cycle.
If you're angry that you didn't sell before the FOMC hawking led to a pullback, remember that you have little advantage in predicting the market's reaction, and view this as an opportunity to take your time. Don't overtrade. In the long run, just be patient and you'll be fine.
Solana, a VC who became famous in one battle, SOL Big Brain
Well-known trader DonAlt
Bitcoin’s chart is not bearish (yet), not even if another leg appears on the chart (which is typical of these similar moves).
I think if we go to $90,000, it will cause a large number of altcoin positions to be liquidated, giving a very good buying opportunity.
But I'm not sure if that will happen, and I'm already very "bearish" emotionally.
Still think the last leg of the bull market is missing, it hasn't gotten crazy enough and it seems the way the US government has facilitated it kind of feels like a colossal waste of a ready powder keg.
Personally, I'm not alarmed at all, but maybe I'm complacent.
Famous KOL KALEO
Trader Adam
Top Trader Saint Pump
If the Bitcoin structure breaks down, I predict buying will re-emerge at 90,000. It could drop all the way to $85,000 in pure panic. Altcoins will completely collapse.
The suitable prices for buying ETH are 3000 and 2900, while the price for SOL is 160.
Famous Solana Meme Calling Single King Ansem
Easter egg: Top trader Eugene Ng Ah Sio
A few hours ago, Eugene Ng Ah Sio posted an article when the SOL price was 208 USDT explaining why he was optimistic about SOL at this price, and said that he had adjusted his Meme position to SOL (his single position is usually between several million and tens of millions of dollars) No matter.), during this wave of decline, SOL fell below 190 USDT.
