Do not be blindly optimistic, evaluate execution strategies
I usually divide my bottom-fishing funds into two parts: half on the left side and half on the right side;
The left side is about buying more as prices drop, stopping when I reach my psychological limit, while the right side waits for upward momentum or for higher highs and higher lows to buy on the pullback.
Rather than not buying when prices drop, and then rushing in when there is a small increase like yesterday, this approach is very prone to repeated losses.
#BTC and altcoin markets are showing divergence, but overall the cryptocurrency market still depends on Bitcoin; if Bitcoin doesn’t strengthen, the sustainability of altcoin rallies remains to be seen. You can think of it as a rebound from oversold conditions or as main funds controlling the average cost of shares. Wait until Bitcoin hits bottom → Bitcoin hasn't dropped yet → Bitcoin has dropped → follow the drop → Bitcoin hasn't hit the target → altcoins make a price defense move and wait.
However, last night's surge gave me a clear feeling that altcoin funds are becoming a bit restless.
I believe: the market is generally still in a state of fluctuation, but it's starting to trend in a good direction.
Recently, I plan to ambush a potential coin that is ready for a big surge; doubling it is quite easy. At the same time, I also plan to find some potential coins to hold until the end of the year, with an expected space of more than ten times being quite feasible. If you want to keep up with my analysis, leave a message, follow, like, and join the group $XRP $ETH