The holidays are over, it’s time to turn on cold calculation. After the euphoria of last week and a peak at $75,600, the market has entered a correction. We are currently settled around $68,500.
Many are panicking, but I suggest looking at the facts. Here’s what’s really happening:
1️⃣ Institutions are not sleeping. While retail traders are taking profits, the giants continue to buy. MicroStrategy has acquired another 40,000 BTC in the last two weeks (now they have over 250,000 coins!). They clearly know something.
2️⃣ The Fed has taken a breather. Powell confirmed last week that the U.S. economy is resilient, and the rate remains unchanged (3.5% - 3.75%). This is a long-term bullish signal for crypto as a hedge against inflation.
3️⃣ Technical level. We are currently testing a mirror support level. Holding $68,500 is critically important for continued growth to $80,000.
💡 MY STRATEGY:
Don't try to catch the bottom manually during volatility.
I use Auto-Invest on Binance for BTC and ETH. This allows me to buy in tiers, averaging the entry price.
The USDT I fixed last week is held in Simple Earn at a flexible rate, waiting for a signal to reverse the trend.
👇 What are you doing: buying at lows or waiting for a deeper correction? Write in the comments!