Right, if we keep waiting then we will never buy, it's better to buy immediately and if the price turns out to drop, then don't sell but buy more, as we know that Bitcoin has a power for rising so that when the market is dropping the best thing is to continue buying, And don't ever wait and hope the price can be cheap in the future.
Short-term trading is indeed the right thing to do at this time. But some people are not interested in doing that. They are waiting for the lowest price, but unfortunately they cannot predict the lowest price of Bitcoin. Only predictions without doing more detailed research on Bitcoin prices. Maybe a good signal has been seen, maybe this is a bullish month. And information regarding the signs of an increase in the price of Bitcoin has been given. One of them is reduced US inflation.
It's too risky to trade short-term at this point, as bitcoin's price is so unpredictable it's impossible to say that it will recover this month. CPI has been announced, and interest rates have also been reported but there is no positive movement as we would expect, bitcoin shows no signs of bullishness in the last 15 days of the year.
Risky for us who doesn't know how to day trade, but for those who have experience, maybe they are still continuing it as this point even in a bear market.
There is also a positive response to the CPI report mate, not sure if you have able to catch up the price as it went as high as $18,300 less than 24 hours ago. Unfortunately, there are shorting bitcoin against that's why the price goes down to $17,450, so that is a just decline after that price surge.
In my opinion, it would be better to keep accumulating for the long term instead of looking for short term profits, but if you are confident with your analysis, it is well worth a try.
Obviously this will be the best approach for us non traders, because just accumulate as much as we can and then HODL on it till the next bull run. No headache for us and we can sleep well thinking that tomorrow will be another day to purchase.