At present, there are different opinions in the market about whether it is time to buy the bottom of altcoins. I personally hold a conservative attitude and think that the time is not yet ripe.

The reason is that although the prices of many altcoins have rebounded yesterday, from the analysis of technical charts, most of them are still under the pressure of the moving average in the daily chart, which clearly points out that the market lacks a strong willingness to buy, and the time to buy the bottom has not been clearly revealed.

It is worth noting that some popular altcoins have shown an increase of more than 20%, demonstrating the local vitality and potential of the market. However, this does not mean that all signals point to optimism. We should be more cautious when chasing these hot spots, especially referring to the resistance level formed in the previous decline as a key indicator for evaluating future trends.

In view of the uncertainty in the current market, I strongly recommend that investors adopt a steady wait-and-see strategy. This means keeping a clear head, neither blindly following the trend of rising prices nor rushing to buy the bottom when the price seems low. On the contrary, we should pay close attention to market dynamics, conduct in-depth analysis combined with technical indicators, and wait for clearer and more powerful buying signals to emerge, so as to reduce investment risks and grasp a better time to enter the market.

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