The market movements over the past three weeks have worn everyone out. Let's review: on 11.21, a stop-loss signal was given at 80,600; on 12.11, the first peak was confirmed at 94,600. Since then, it's been a series of oscillations, nearly three weeks of sideways consolidation.

In these confusing times, there's really only one thing to do—stick with it a little longer than others. Bitcoin's trend is still brewing, and the countdown has already started.

Let's start with an unresolvable question: being trapped or missing out, this is a single-choice question. To get a better cost basis, you have to risk missing the move; if you're afraid of missing out and want to buy early, you have to accept the possibility of being trapped and widening your stop-loss. Achieving both is, honestly, quite difficult.

From a technical perspective, BTC has two bullish trends, the difference being whether there will be a retracement back to around 84,000-84,700 next. Choose the one that fits your actual situation.

**For friends who already have positions:**

For those who entered at the bottom on 11.21, hold on to it. After it breaks through 94,600, watch whether there is a pause around 97,000-98,000; if so, you can reduce some. Move the stop-loss upward on the remaining positions, aiming to hold until the target of 101,300-103,000. If there's a chance of a pullback to 86,000 or 84,600 in the next few days, consider adding to your position.

For those who bought the dip around 84,500-85,000 on 12.19, the approach is the same. If it drops near 84,600, you can add more.

**For friends with no positions:**

This position is indeed tricky. Fear of a sharp pullback if you chase in, but worried about missing the trend if you do nothing. Here's my logical breakdown: I believe the rally starting from 80,600 isn't over yet, and the time window could extend until mid-January 2026. The price bottom won't go below 94,600, and 97,000-98,000 and 101,300-103,000 are reasonable target levels.

The problem is, to enjoy this rally, you must first think clearly about stop-loss placement. For small-scale trades, set the stop-loss around 86,300; if you get stopped out, look for another opportunity. For larger trades, the stop-loss only makes sense below 80,600.

Profit and loss ratio, certainty, position management, risk control—everyone's understanding of these dimensions varies, and so does their approach. I've laid out the ideas; how you act depends on your individual situation.