In the current market situation, to determine whether the market has bottomed out, it has been fluctuating in a range. It can be observed and analyzed from the following key angles:
1. The linkage effect of Bitcoin and altcoins: When Bitcoin falls, if altcoins do not fall synchronously, this may indicate that the market still has depth and large investors may still be operating, which can be used as a reference signal that the market is close to the bottom.
2. Market sentiment: General extreme pessimism is usually a strong signal that the market is close to the bottom. History has shown many times that when investor sentiment drops to the freezing point, the market is often brewing a reversal.
3. Performance of economic data: Although we cannot predict the specific performance of some important data (such as CPI, etc.), any better-than-expected economic data may become a catalyst for market confidence recovery and trend reversal when the market is already in an unfavorable situation.