Before discussing bottom-fishing, we need to clarify two key issues.

First, the current market decline is essentially different from the market crash during the 312 period in 2020. The 2020 epidemic was a super black swan event, which brought huge uncertainty and panic to the market, causing retail investors and institutions to sell assets one after another, and there was a stampede in the market. This time the decline is based on the deleveraging effect of the global stock market caused by the yen rate hike, as well as the expectation of economic recession, which are all within the cognition of Wall Street investment banks. Unless extreme circumstances occur, such as World War III, it is unlikely that we will see a market crash similar to 312 again.

Secondly, after the opening of the U.S. stock market the day before yesterday, the market rebounded. This phenomenon can be regarded as a natural reaction of the market, just like an iron ball falling from a height will rebound. However, this rebound does not mean that the market has reversed. In short, in the current market environment, it is irrational to copy the bottom with a full position, especially for altcoins, whose prices may continue to fall even if they have fallen by 50%.

This round of decline is not 312, so there is no need to panic too much. However, there is no clear reversal signal in the market yet, so you should be cautious when considering buying stocks and avoid blind actions.