Market Guide: Response Strategies After Missing Out on the Opportunity (8.24)
In response to the “missed the move” concern that many people have been asking about recently, here are a few objective market observations and suggestions.
First, based on the weekly chart, BTC and major mainstream crypto assets have clearly broken away from the downtrend that began after 120,000. This means that even if you didn’t manage to precisely time the buy at the absolute bottom, the current price range is still an excellent early stage for right-side trading within the broader cycle—so it’s not too late to enter.
Second, regarding near-term price expectations, it’s unlikely that the market will see a major deep retracement until BTC reaches and successfully breaks through the key level of 83,000. However, once the price breaks through this level smoothly, it will inevitably be followed by a technical pullback—at that point, it will be a good opportunity for you to continue increasing your positions prudently.
Finally, for investment mindset, it’s recommended to focus on the present and avoid setting targets too far into the future. Considering that the Nasdaq index is still trading within its historical high-range, the market performance ahead may not necessarily be the comprehensive bull market we’re hoping for. It’s entirely possible that it will show a local bull market similar to what we saw in 2019 and 2021. Therefore, maintaining rational expectations and a steady investment pace is especially important.
In response to the “missed the move” concern that many people have been asking about recently, here are a few objective market observations and suggestions.
First, based on the weekly chart, BTC and major mainstream crypto assets have clearly broken away from the downtrend that began after 120,000. This means that even if you didn’t manage to precisely time the buy at the absolute bottom, the current price range is still an excellent early stage for right-side trading within the broader cycle—so it’s not too late to enter.
Second, regarding near-term price expectations, it’s unlikely that the market will see a major deep retracement until BTC reaches and successfully breaks through the key level of 83,000. However, once the price breaks through this level smoothly, it will inevitably be followed by a technical pullback—at that point, it will be a good opportunity for you to continue increasing your positions prudently.
Finally, for investment mindset, it’s recommended to focus on the present and avoid setting targets too far into the future. Considering that the Nasdaq index is still trading within its historical high-range, the market performance ahead may not necessarily be the comprehensive bull market we’re hoping for. It’s entirely possible that it will show a local bull market similar to what we saw in 2019 and 2021. Therefore, maintaining rational expectations and a steady investment pace is especially important.