Looking at BTC's monthly chart, the rally that started in 2023 has basically run its course by now.
This pullback over the past two months? Honestly, it's just correcting the crazy surge from the past two-plus years. Don't expect it to be over in just two months—the 20-day moving average has already been lost. Before the Spring Festival, it's highly likely to drop below $70,000, maybe even test the $60,000 range.
If it really falls below $70,000—ideally hovering around $60,000—those investors with spare cash planning for the long term can consider starting a DCA strategy.
Right now? Just hold onto your USDT and stay on the sidelines. What the market needs most during a correction is patience.
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ForkTongue
· 12-12 18:22
Thinking about jumping in only when it hits 60,000. What's the rush now? Those who can't wait have to settle for noodles.
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RugpullAlertOfficer
· 12-12 17:06
The 20-day moving average has been broken. I feel a bit uneasy about this... If it really drops to 60,000, I'll jump in. Are the dollar-cost averaging comrades ready?
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BetterLuckyThanSmart
· 12-12 16:11
The 20-day moving average has been broken, and this correction indeed needs to come gradually.
If it truly drops to 60,000 before the Spring Festival, that would be a real buying opportunity. That's how I see it.
Hold onto U stably, no need to rush.
Back to the point, a two-year correction followed by a crazy surge, the logic makes sense.
Those planning to dollar-cost average might want to wait a bit longer; the best part is yet to come.
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ChainWanderingPoet
· 12-11 12:48
The 20-day moving average has all been broken; this move is indeed a bit fierce. But if it really hits around 60,000, I will start dollar-cost averaging.
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ChainDoctor
· 12-09 19:51
Holding onto USDT is the right move, but I actually think the odds of breaking 60,000 before the Spring Festival are pretty low. Don’t be too pessimistic.
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ZenZKPlayer
· 12-09 19:50
After this drop, $60,000 is the real buying opportunity; anyone still daring to chase now is just a gambler.
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AllInDaddy
· 12-09 19:49
Even the 20-day moving average has been broken; this correction is really quite fierce.
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NFTRegretter
· 12-09 19:43
If the price really drops to 60,000, I'll buy the dip. For now, I'll just lie low and watch.
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SquidTeacher
· 12-09 19:34
Stop kidding, I think 60,000 is hard to reach. The bottom would have to break 50,000 to trigger real panic selling.
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PrivateKeyParanoia
· 12-09 19:25
Wait, has the 20-day moving average been breached? In that case, we really need to be patient and wait.
Looking at BTC's monthly chart, the rally that started in 2023 has basically run its course by now.
This pullback over the past two months? Honestly, it's just correcting the crazy surge from the past two-plus years. Don't expect it to be over in just two months—the 20-day moving average has already been lost. Before the Spring Festival, it's highly likely to drop below $70,000, maybe even test the $60,000 range.
If it really falls below $70,000—ideally hovering around $60,000—those investors with spare cash planning for the long term can consider starting a DCA strategy.
Right now? Just hold onto your USDT and stay on the sidelines. What the market needs most during a correction is patience.