Is it time to bottom fish now?

I think there's no need to rush into bottom fishing; we can adopt a strategy of buying heavily on large dips, buying lightly on small dips, and not buying at all when the market is stable to gradually collect low-priced assets.

Currently, the market situation is that Bitcoin and Ethereum have strong support from spot ETFs and traditional large capital, so there is considerable buying pressure below, and they won't drop much.

However, most altcoins lack support from large capital, and once they drop, there are no support levels, primarily relying on market sentiment.

Recently, new coins on Binance have also lost their profitability effect, with prices generally falling sharply after launch, with the speed of price halving increasing.

During times of insufficient market liquidity and low sentiment, it is advisable not to engage with new coin projects on Binance; instead, we should focus on those projects with long-term narratives.

From the current situation, if Bitcoin continues to pull back, altcoins may suffer even more severe declines.

Therefore, it's essential to manage your position well and keep a portion of your funds to cope with days of low liquidity.