As we embark on this round of bottom-fishing journey, we need to keep in mind several core issues:
First, regarding the expectation of rebound, we have set clear boundaries - BTC needs to achieve at least 30% growth and return to above 64,000, and ETH needs to regain 3,000 lost ground. This is not only a short-term expectation, but also a vision of a weekly rebound or even a new high.
Second, regarding the discussion of the bottom, although 49,000 is not an ironclad bottom, it has shown signs of approaching the bottom. The bottom of a big market is often accompanied by a complex construction process, which may include multiple attempts and repetitions. Therefore, for investors who have already laid out at this position, it would be wise to remain calm and patient and be guided by the overall situation.
The market always grows in fluctuations, and alternating ups and downs is its unchanging law. We firmly believe that the crypto market will not sink forever, nor will it be a carnival forever. The extreme situation of continuous decline without rebound is rare.
Looking to the future, we remain optimistic. Although there are uncertainties in the US election and economic recession, the market adjustment has lasted for nearly 4 months, far exceeding the same period in history. If the bull market remains, it may have entered the bottom area; even if it enters a bear market cycle, it will usually turn around within 6 to 7 months, and at the latest it may rebound in October or November.
In the field of altcoins, Solana's leading role cannot be ignored. Every rise has driven the enthusiasm of the entire market. For investors who have not yet laid out, projects such as Sol, Ton, Not, Wif, and Pepe are undoubtedly worthy of key consideration. $TON