Jiang Zhuoer, founder of mining pool B.TOP, said sidelined Bitcoin traders may be facing a bigger risk in missing an entire bull market than in missing the latest leg up. In a post published on Aug. 23, he said that if $57,800 marked the major bottom of the current cycle, both the timing and the drawdown would look materially different from the previous three cycles. That, he argued, left many investors waiting for a historically familiar capitulation entry and ultimately missing the move.
Jiang added that if the market stays range-bound for a period, fear of missing out could build quickly, making another sharp drop harder to come by. He said pullbacks may still offer a chance to get in, but that window could be very brief.
He also referenced a recent long-form article, "Has the bull market really started? What should those who missed the move do now?" In that piece, he laid out two trading plans: Plan A is to buy immediately if BTC falls back to the $67,000-$72,000 range once downside momentum is exhausted. Plan B is to buy at the prevailing market price no later than the end of October, regardless of where Bitcoin is trading.
Jiang Zhuoer, founder of mining pool B.TOP, said traders who have missed Bitcoin's latest move may be taking a bigger risk by staying out of the market than by missing the current gains.
In a post dated Aug. 23, Jiang said that if $57,800 was the major bottom for this cycle, the timing and drawdown would differ markedly from the previous three market cycles. In his view, that gap has left many sidelined participants waiting for a historically familiar bottoming pattern that never arrived.
He said the market may only need a period of sideways trading for FOMO to build, which could make another decline much harder later on. Any pullback, he added, may still present a potential entry point, but the opportunity could last only a moment.
Jiang also pointed to a recent long article titled "Has the bull market really started? What should those who missed the move do now?" where he outlined his trading plan:
- Plan A: If BTC drops back into the $67,000 to $72,000 range, buy immediately after downside momentum shows signs of exhaustion.
- Plan B: Otherwise, buy at the current market price no later than the end of October, regardless of Bitcoin's price at that time.
Jiang said missing an entire future bull market would be far more serious than missing the current rise.
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